Overview
Raised: $1,005,500
Total Commitments ($USD)
Platform
MainVest
Start Date
06/10/2022
Close Date
01/31/2023
Min. Goal
$50,000
Max. Goal
$4,898,100
Min. Investment
$100
Security Type
Revenue Share
Series
Seed
SEC Filing Type
RegCF
Return Multiple
1.00X
Rev. Share %
1.30%
Profit Share %
0.31%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
02/05/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$4,279
# of Investors
332
Momentum
Funded
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Year Founded
2005
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
IZOLA is raising funds on MainVest. It is a top bakery in San Diego that makes croissants and warm sourdough. The business 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. IZOLA has generated a 384% year-over-year growth and has reached profitability in less than two years. Jeffrey Brown and Jennifer Chen founded IZOLA in January 2005. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $430,000. The campaign proceeds will be used for the development of distribution channels, hiring, training of talent, and real estate acquisition and improvement.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$92,917 |
$52,336 |
|
Tax |
$8,678 |
$3,432 |
| ||
| ||
|
Net Income |
$-58,980 |
$12,704 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$52,949 |
$32,977 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$81,017 |
$50,864 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 06/10/2022
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| IZOLA | 03/01/2024 | MainVest | $25,435,000 | $345,100 | Equity - Common | Active | 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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