About this raise

IZOLA Bakery, with a valuation of $25.97 million, is raising funds on MicroVentures. It is a top bakery in San Diego that makes croissants and warm sourdough. IZOLA Bakery is reinventing the American bakery with its superior products, elevated hospitality, and warm hot-from-the-oven offerings. The products are made using high-quality ingredients and served hot all day. The business has generated over $1.6 million in revenue in 2023, up 130% since its launch in 2020, and has received 1,000 5-star reviews on Yelp. Jeffrey Lamont Brown and Jennifer Chen founded IZOLA Bakery in November 2004. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $4.5 million. The campaign proceeds will be used for sales, debt services, capital reserves, and technology improvements.

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Investment Overview

Committed this round: $567,739

Deal Terms

Total Commitments ($USD)

Platform
Microventures
Start Date
06/26/2024
Close Date
04/28/2025
Min. Goal
$25,000
Max Goal
$4,460,700
Min. Investment

$1,000

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.00

Pre-Money Valuation

$25,970,000

Company & Team

Company

Year Founded
2004
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
Location
San Diego, California
Business Type
Life Style
Company Website
Visit Website

Team

Employees
45
Prior Founder Exits?
No
Founder Name
Jennifer Chen
Title
Co-founder
Founder Name
Jeffrey Brown
Title
Head Baker

Financials

as of May 1, 2024
 Revenue +51% YoY
$1,647,324
 Monthly Burn
$135,000
 Runway
1.4 months
Gross Margin
46%

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$1,647,324

$1,093,519

COGS

$891,308

$753,837

Tax

$0

$0

 

 

Net Income

$-309,560

$-248,031

Summary Balance Sheet

FY 2023 FY 2022

Cash

$604,726

$348,900

Accounts Receivable

$98,497

$0

Total Assets

$2,769,655

$2,300,830

Short-Term Debt

$256,880

$245,677

Long-Term Debt

$1,961,221

$2,021,353

Total Liabilities

$2,218,101

$2,267,030

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$1,638,700
VC Backed?
No
Offering Name Close Date Platform Valuation Total Raised Security Type Status Reg Type
IZOLA Bakery 04/28/2025 Microventures $25,970,000 $567,739 Equity - Common Active RegCF
IZOLA 03/01/2024 MainVest $25,435,000 $539,300 Equity - Common Funded RegCF
IZOLA 01/31/2023 MainVest - $1,005,500 Revenue Share Funded RegCF
IZOLA 06/09/2022 MainVest - $101,900 Revenue Share 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
IZOLA Bakery on MicroVentures 2024
Platform: Microventures
Security Type: Equity - Common
Valuation: $25,970,000
Price per Share: $2.00

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