Hoff and Pepper
About this raise: Hoff and Pepper, with a valuation of $27 million, is raising funds on StartEngine. It is a hot sauce brand that makes bold and flavorful hot sauce using fresh ingredients. The hot sauces of Hoff and Pepper come with a distinctive fresh pepper flavor and complement the customers’ favorite foods. Hoff and Pepper has reported a 4,076% growth since its inception and reported $3 million in revenue in 2022. Aaron Hoffman and Michelle Hoffman founded Hoff and Pepper in May 2023. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.23 million. The campaign proceeds will be used for automation and operations, balance sheet improvement, compensation, hiring, and working capital.
Investment Overview
Invested : $465,806
Deal Terms
Total Commitments ($USD)
- Platform
- StartEngine
- Start Date
- 06/15/2023
- Close Date
- 11/13/2023
$15,000
$1,234,998
$102
Equity - Common
Seed
RegCF
$6.00
$27,000,000
Company & Team
Company
- Year Founded
- 2023
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Low
- Capital Intensity
- Low
Financials
- Revenue +64% YoY
- $3,059,939
- Monthly Burn
- $20,459
-
Runway
- 13.1 months
- Gross Margin
- 28%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $0
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 11/13/2023 | StartEngine | $27,000,000 | $465,806 | Equity - Common | Funded | RegCF |