Herb & Olive

Herb & Olive

Closed: Jun. 2022

About this raise

Herb & Olive, with a valuation of $1.5 million, is raising funds on MicroVentures. The company makes special and organic extra virgin olive oil using the finest ingredients. The olive oil of Herb & Olive is sustainable and high-quality and is available through the company’s website, online retail stores, and physical retail stores. Herb & Olive’s olive oil has been featured in The Dieline and GQ and featured on many known Instagram accounts. David Zimmerman founded Herb & Olive in April 2019. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $250,000. The campaign proceeds will be used for hiring, purchasing raw ingredients in bulk, packaging, and advertising.

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Investment Overview

Not Funded: $7,500

Deal Terms

Total Commitments

Platform
Microventures
Start Date
01/10/2022
Close Date
06/06/2022
Min. Goal
$50,000
Max Goal
$250,000
Min. Investment

$100

Security Type

Convertible Note

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$1,500,000

Discount

20%

Company & Team

Company

Year Founded
2019
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Location
LAKE OSWEGO, Oregon
Business Type
Life Style
Company Website
Visit Website

Team

Employees
1
Prior Founder Exits?
No
Founder Name
David Zimmerman
Title
President

Financials

 Revenue
$16,778
 Monthly Burn
$738
 Runway
15.5 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$16,778

$3,530

COGS

$25,632

$26,416

Tax

$0

$0

 

 

Net Income

$-8,854

$-22,886

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$11,403

$3,985

Accounts Receivable

$0

$0

Total Assets

$23,849

$17,223

Short-Term Debt

$40,290

$30,645

Long-Term Debt

$47,123

$1,000

Total Liabilities

$87,413

$31,645

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
06/06/2022 Microventures $1,500,000 $7,500 Convertible Note Not Funded RegCF
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Add to portfolio
Herb & Olive on MicroVentures 2022
Platform: Microventures
Security Type: Convertible Note
Valuation: $1,500,000

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Follow Herb & Olive on MicroVentures 2022

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Warning: according to the close date for this deal, Herb & Olive may no longer be accepting investments.

Herb & Olive Deal Report

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