Kornr Store
About this raise
Kornr Store is raising funds on Small Change. The business is owned by Purpose8 Real Estate and plans to open at 6224 16th Street, Detroit. The building is planned to be renovated into a two-bedroom, one-bathroom residential rental unit with features including a community green space. The first floor of the same building will carry the Kornr Store selling essentials, including coffee, baked goods, personal goods, home goods, and small business products. Brinda Devine founded Kornr Store in December 2018. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $200,000. The campaign proceeds will be used for development costs and renovations.
Investment Overview
Invested : $43,000
Deal Terms
Total Commitments
- Platform
- Small Change
- Start Date
- 05/30/2022
- Close Date
- 09/30/2022
$25,000
$200,000
$500
Debt
Quarterly
RegCF
8.00%
5.0 years
Company & Team
Company
- Year Founded
- 2018
- Industry
- Real Estate & Construction
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- Low
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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 |
|---|---|---|---|---|---|---|
| 09/30/2022 | Small Change | - | $43,000 | Debt | Funded | RegCF |