Indian River Pioneer Farms

Indian River Pioneer Farms

Closed: Apr. 2023

About this raise

Indian River Pioneer Farms is raising funds on Honeycomb. It is a USDA-recognized farm in Vero Beach, Florida. The farm is used for growing food and creating a farm-to-table wellness system. Indian River Pioneer Farms also functions as an education and training site for people to attend or facilitate classes in healthy eating, agriculture, mindfulness, regenerative farming, and environmental stewardship. Kelly Jackson founded Indian River Pioneer Farms in March 2016. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $30,000. The campaign proceeds will be used for paying off the high tunnel balance and Towerfarm equipment, indoor lighting, electric expenses, irrigation, refrigeration, and water reclamation around high tunnel.

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Investment Overview

Not Funded: $2,400

Deal Terms

Total Commitments ($USD)

Platform
Honeycomb
Start Date
02/02/2023
Close Date
04/14/2023
Min. Goal
$25,000
Max Goal
$30,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

13.25%

Term Length

5.0 years

Company & Team

Company

Year Founded
2016
Industry
Farming & Agriculture
Tech Sector
AgriTech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Location
Vero Beach, Florida
Business Type
Life Style
Company Website
Visit Website

Team

Employees
3
Prior Founder Exits?
No
Founder Name
Kelly Jackson
Title
Owner

Financials

as of Fiscal Year 2021
 Revenue
$24,313
 Monthly Burn
Profitable
 Cash on Hand
$650

Summary Profit and Loss Statement

FY 2021 FY 2020

Revenue

$24,313

$7,492

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$7,347

$4,666

Summary Balance Sheet

FY 2021 FY 2020

Cash

$650

$8

Accounts Receivable

$0

$0

Total Assets

$7,620

$8

Short-Term Debt

$0

$4,992

Long-Term Debt

$0

$3,178

Total Liabilities

$0

$8,170

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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
04/14/2023 Honeycomb - $2,400 Debt Not Funded RegCF
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Indian River Pioneer Farms on Honeycomb 2023
Platform: Honeycomb
Security Type: Debt

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