Herb & Olive

Early Stage

Specialty organic extra virgin olive oil that was featured in GQ in December 2021

Analytics

Raised to Date: Raised: $7,500

Aggregate 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

Funding Type

RegCF

Series

Pre-Seed

Valuation Cap

$1,500,000

Discount Rate

20%

Rolling Commitments $

Status
Not Funded
Reporting Date

06/06/2022

Days Remaining
Not Funded
% of Min. Goal

15%

% of Max. Goal

3%

Likelihood of Max
Not Funded
Avg. Daily Raise

$51

# of Investors

28

Momentum
Not Funded
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Location

LAKE OSWEGO, Oregon

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Business Type

Life Style

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.

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

Financials as of: 01/10/2022
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Herb & Olive on MicroVentures 2022
$
Platform: Microventures
Security Type: Convertible Note
Valuation: $1,500,000

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