Honeyfund.com

Honeyfund.com

About this raise

Honeyfund.com, with a valuation of $39.3 million, is raising funds on StartEngine. It is a honeymoon wedding gift registry that allows couples to receive financial support from their friends and family for their honeymoon experiences and wedding-related costs. It makes gifting exciting and straightforward. Honeyfund has already funded more than one million couples, with $703 million in gifts from 6.2 million givers. The company is planning to expand into supporting friends and family through life’s milestones and mishaps. Sara Margulis founded Honeyfund.com in 2009. The current crowdfunding campaign has a minimum target of $9,999 and a maximum target of $3,932,184.60. The campaign proceeds will be used for further development of the app, development of a rewards system, and marketing.

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Investment Overview

Invested this round: $482,206

Deal Terms

Total Commitments

Platform
StartEngine
Start Date
11/24/2021
Close Date
08/22/2022
Min. Goal
$9,999
Max Goal
$3,932,185
Min. Investment

$135

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.80

Pre-Money Valuation

$39,328,992

Company & Team

Company

Year Founded
2009
Industry
Consumer Products, Goods & Services
Tech Sector
MarketplaceTech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Location
Clearwater, Florida
Business Type
Growth
Company Website
Visit Website

Team

Employees
4
Prior Founder Exits?
No
Founder Name
Sara Margulis
Title
CEO

Financials

 Revenue -61% YoY
$655,108
 Monthly Burn
$49,937
 Runway
13 months
Gross Margin
84%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$655,108

$1,696,244

COGS

$103,068

$233,197

Tax

$0

$0

 

 

Net Income

$-599,241

$-10,520

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$647,162

$729,547

Accounts Receivable

$0

$25,836

Total Assets

$1,254,055

$1,329,544

Short-Term Debt

$1,225,630

$1,363,353

Long-Term Debt

$542,145

$0

Total Liabilities

$1,767,775

$1,363,353

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Company Funding & Growth

Funding history

Offering Name Close Date Platform Valuation Total Raised Security Type Status Reg Type
Honeyfund.com 08/22/2022 StartEngine $39,328,992 $482,206 Equity - Common Funded RegCF
Honeyfund 10/23/2021 StartEngine $19,000,000 $1,067,815 Equity - Common Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Add to portfolio
Honeyfund.com on StartEngine 2021
Platform: StartEngine
Security Type: Equity - Common
Valuation: $39,328,992
Price per Share: $1.80

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Follow Honeyfund.com on StartEngine 2021

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

Honeyfund.com Deal Report

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