Krab Kingz Springfield
Krab Kingz Springfield is raising funds on Honeycomb. The restaurant is based in Springfield, Missouri, and brings the flavors of the Golf Coast to the city with its fresh seafood and Southern-inspired dishes. Krab Kingz Springfield specializes in crab and shrimp platters and uses high-quality ingredients to create an authentic experience. The business has a loyal customer base and has secured third place in the OACAC Mac & Cheese Competition and was awarded the top prize at the 2023 Wingapalooza. Jamaira Overstreet founded Krab Kingz Springfield in February 2022. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $50,000. The campaign proceeds will be used to update equipment and hire staff.
Investment Overview
Raised: $3,300
Deal Terms
Total Commitments ($USD)
- Platform
- Honeycomb
- Start Date
- 11/21/2024
- Close Date
- 12/23/2024
$25,000
$50,000
$100
Debt
Pre-Seed
RegCF
11.75%
3.0 years
Company & Team
Company
- Year Founded
- 2022
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- Low
Financials
- Revenue +169% YoY
- $346,976
- Monthly Burn
- Profitable
- Cash on Hand
- $5,000
- Gross Margin
- 65%
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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 |
|---|---|---|---|---|---|---|
| 12/23/2024 | Honeycomb | - | $3,300 | Debt | Active | RegCF |