Ixxa Coffee

Ixxa Coffee

Closed: Jun. 2024

About this raise: Ixxa Coffee is raising funds on Honeycomb. It is a coffee shop, roastery, and plant shop based in Hammond, Indiana. Ixxa Coffee specializes in high-quality Latin American coffee and also sells baked goods and indoor plants to its customers. The business is also known as a community gathering space as it hosts events, business popups, sound baths and meditation, and live entertainment shows. Jose Marin and Stephanie Mora founded Ixxa Coffee in February 2021. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $50,000. The campaign proceeds will be used for marketing, a bakery, and an outdoor patio.

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Investment Overview

Invested this round: $59,925

Deal Terms

Total Commitments ($USD)

Platform
Honeycomb
Start Date
05/06/2024
Close Date
06/10/2024
Min. Goal
$25,000
Max. Goal
$60,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

12.50%

Term Length

3.0 years

Company & Team

Company

Year Founded
2021
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Location
Whiting, Indiana
Business Type
Life Style
Company Website
Visit Website

Team

Employees
4
Prior Founder Exits?
No
Founder Name
Stephanie Mora
Title
Co-Owner
Founder Name
Jose Marin
Title
Co-Owner

Financials

as of Fiscal Year 2024
 Revenue +59,982% YoY
$40,856
 Monthly Burn
Profitable
 Cash on Hand
$7,158
Gross Margin
66%

Summary Profit and Loss Statement

FY 2024 FY 2023

Revenue

$40,856

$68

COGS

$13,803

$275

Tax

$0

$0

 

 

Net Income

$3,481

$-13,844

Summary Balance Sheet

FY 2024 FY 2023

Cash

$7,158

$17,812

Accounts Receivable

$0

$0

Total Assets

$66,721

$85,401

Short-Term Debt

$44,603

$44,902

Long-Term Debt

$82,909

$93,522

Total Liabilities

$127,512

$138,424

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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
06/10/2024 Honeycomb - $59,925 Debt Funded RegCF
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Ixxa Coffee on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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