La Palapa
About this raise
La Palapa is raising funds on Honeycomb. It is a Mexican cuisine restaurant and Mezcal bar in Pittsburgh, Pennsylvania. La Palapa serves authentic Mexican cuisine and liquor to its customers and also provides catering services. The business owns two food trucks in addition to its physical location to serve additional customers. La Palapa has a loyal customer base and has been featured in publications, including the Pittsburgh City Paper, WTAE, and Pittsburgh Post-Gazette. Jesus Martinez founded La Palapa in January 2018. The current crowdfunding campaign has a minimum target of $35,000 and a maximum target of $70,000. The campaign proceeds will be used for kitchen equipment, bar construction, dining room equipment, marketing, rent, and legal fees.
Investment Overview
Invested : $70,000
Deal Terms
Total Commitments
- Platform
- Honeycomb
- Start Date
- 11/23/2023
- Close Date
- 01/06/2024
$35,000
$70,000
$100
Debt
Pre-Seed
RegCF
11.00%
3.0 years
Company & Team
Company
- Year Founded
- 2018
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- Low
Financials
- Revenue -2.9% YoY
- $815,783
- Monthly Burn
- Profitable
- Cash on Hand
- $10,727
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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 |
|---|---|---|---|---|---|---|
| 01/06/2024 | Honeycomb | - | $70,000 | Debt | Funded | RegCF |