Hot Poppy

Early Stage

Straight from local farmers, bakers, brewers and creators to your doorstep

Overview

Raised to Date: Raised: $0

Total Commitments ($USD)

Platform

Wefunder

Start Date

12/05/2022

Close Date

01/05/2023

Min. Goal

$100,000

Max. Goal

$1,235,000

Min. Investment

$100

Security Type

Convertible Note

Series

Seed

Funding Type

RegCF

Valuation Cap

$3,500,000

Discount Rate

10%

Rolling Commitments ($USD)

Status
Not Funded
Reporting Date

01/05/2023

Days Remaining
Not Funded
% of Min. Goal

0%

% of Max. Goal

0%

Likelihood of Max
Not Funded
Avg. Daily Raise

$0

Momentum
Not Funded
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Location

Nashville, Tennessee

Industry

Food, Beverage, & Restaurants

Tech Sector

Retailtech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Business Type

Growth

Hot Poppy, with a valuation of $3.5 million, is raising funds on Wefunder. It is a local grocery delivery company that brings produce from local farmers, bakers, brewers, and creators to users’ doorstep. The company is putting the power back into the hands of local creators and lets them offer their vibrant creations to the local community. Hot Poppy started off in Nashville in 2021 and has reached over 4,000 users and six-figure revenue organically. Stuart Landis, Storm Sheler, and Vincent Maniscalco founded Hot Poppy in May 2020. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $1.24 million. The campaign proceeds will be used for marketing, payroll, packaging improvements, platform improvement, and inventory expansion.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$126,550

$45,110

COGS

$91,521

$30,508

Tax

$0

$0

 

 

Net Income

$-65,806

$-31,243

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$0

$19,753

Accounts Receivable

$0

$0

Total Assets

$5,500

$22,253

Short-Term Debt

$2,638

$0

Long-Term Debt

$30,000

$30,000

Total Liabilities

$32,638

$30,000

Financials as of: 12/05/2022
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Hot Poppy on Wefunder 2022
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Platform: Wefunder
Security Type: Convertible Note
Valuation: $3,500,000

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