Local Culture
About this raise
Local Culture is raising funds on SMBX. It is a certified organic ferment company focused on sustainability. The products of Local Culture include apple and hops ferment, beet and fennel ferment, juniper and sage ferment, golden beet and dill ferment, garlic, ginger, and chili ferment, and immune-boosting brine tonic. The company composts all of its kitchen scraps and never ferments or packages in plastic. Chris Frost-McKee, Cristina Africano, and Elissa Wolf-Blank founded Local Culture in February 2018. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $100,000. The campaign proceeds will be used for working capital, tenement improvements, and equipment.
Investment Overview
Invested : $100,000
Deal Terms
Total Commitments
- Platform
- SMBX
- Start Date
- 02/28/2022
- Close Date
- 04/08/2022
$25,000
$100,000
$100
Debt
RegCF
Company & Team
Company
- Year Founded
- 2018
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2C
- Margin
- Medium
- Capital Intensity
- High
Financials
- Revenue +98% YoY
- $317,242
- Monthly Burn
- Profitable
-
Cash on Hand
- $28,893
- Gross Margin
- 56%
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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 |
|---|---|---|---|---|---|---|
| 04/08/2022 | SMBX | - | $100,000 | Debt | Funded | RegCF |