Humphry Slocombe

Humphry Slocombe


About this raise: Humphry Slocombe is raising funds on SMBX. It is an ice cream manufacturing company in San Francisco, California that sells unique and delicious ice creams. Humphry Slocombe through multiple locations in the Bay Area and retail stores, including Whole Foods and Safeway. The business is known for its unique and unusual flavors of ice creams and has won several awards and features in the national press. Jake Godby and Sean Vahey founded Humphry Slocombe in January 2014. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $250,000. The campaign proceeds will be used for upfront ingredient and production costs for the nine scoop shops and wholesale channels in 2025.

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Investment Overview

Committed this round: $175,960

Deal Terms

Total Commitments ($USD)

Platform
SMBX
Start Date
12/20/2024
Close Date
02/13/2025
Min. Goal
$10,000
Max. Goal
$250,000
Min. Investment

$10

Security Type

Debt

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

11.00%

Term Length

5.0 years

Company & Team

Company

Year Founded
2014
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Location
San Francisco, California
Business Type
Life Style
Company Website
Visit Website

Team

Employees
84
Prior Founder Exits?
No
Founder Name
Jake Godby
Title
Co-Founder
Founder Name
Sean Vahey
Title
Director of Marketing

Financials

as of Fiscal Year 2023
 Revenue +32% YoY
$5,507,558
 Monthly Burn
$13,840
 Cash on Hand
$113,471
Gross Margin
57%

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$5,507,558

$4,186,193

COGS

$2,393,635

$1,999,418

Tax

$0

$0

 

 

Net Income

$-166,083

$-351,515

Summary Balance Sheet

FY 2023 FY 2022

Cash

$113,471

$135,192

Accounts Receivable

$12,419

$114,116

Total Assets

$1,898,430

$2,050,935

Short-Term Debt

$350,244

$566,240

Long-Term Debt

$1,309,113

$1,079,539

Total Liabilities

$1,659,357

$1,645,779

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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
02/13/2025 SMBX - $175,960 Debt Active RegCF
03/31/2021 SMBX - $250,000 Debt Funded RegCF
01/15/2020 Wefunder $14,400,000 $281,153 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.

Employee History

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Humphry Slocombe on SMBX 2024
Platform: SMBX
Security Type: Debt

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