HONE

HONE

Closed: Jun. 2023

About this raise

HONE is raising funds on SMBX. The company makes a kombucha beverage for energy using cordyceps mushrooms. The mushroom-based matcha of HONE is natural and provides energy with an overall feeling of well-being. HONE works to improve minds and bodies, makes people feel good, and does not include any chemical fillers. The products are made sustainably in Portland, Oregon, and shipped throughout the country. Christopher Gonzales and Ari Gordon founded HONE in January 2019. The current crowdfunding campaign has a minimum target of $20,000 and a maximum target of $124,000. The campaign proceeds will be used for inventory, marketing, and advertising.

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Investment Overview

Invested this round: $33,980

Deal Terms

Total Commitments

Platform
SMBX
Start Date
04/21/2023
Close Date
06/05/2023
Min. Goal
$20,000
Max Goal
$124,000
Min. Investment

$10

Security Type

Debt

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

10.00%

Company & Team

Company

Year Founded
2019
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Location
STANWOOD, Washington
Company Website
Visit Website

Team

Employees
2

Financials

 Revenue
$0
as of FY2022
 Monthly Burn
$2,278
as of FY2022
 Runway
1.9 months
as of FY2022
 Gross Margin
32%
as of FY2022

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$259,090

$79,169

COGS

$175,327

$72,538

Tax

$0

$0

 

 

Net Income

$-27,340

$-121,163

Summary Balance Sheet

FY 2022 FY 2021

Cash

$4,364

$50,526

Accounts Receivable

$112,364

$0

Total Assets

$230,955

$90,420

Short-Term Debt

$74,986

$32,535

Long-Term Debt

$8,000

$160,000

Total Liabilities

$82,986

$192,535

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
06/05/2023 SMBX - $33,980 Debt Funded RegCF
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Add to portfolio
HONE on SMBX 2023
Platform: SMBX
Security Type: Debt

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Buy HONE's Deal Report

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

HONE Deal Report

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