Local
About this raise: Local is raising funds on Honeycomb. It is a gift shop in Denver, Iowa that offers hyper-local products and fosters the growth of regional brands. Local curates a selection of goods that are designed and made locally, and celebrates the unique talents of regional artists. The business is committed to supporting and uplifting the local economy and received the Community Hero Award from Hello Alice in 2024. Hanna Nuss founded Local in April 2022. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $30,000. The campaign proceeds will be used to refinance high-interest debt.
Investment Overview
Not Funded: $3,150
Deal Terms
Total Commitments ($USD)
- Platform
- Honeycomb
- Start Date
- 08/12/2024
- Close Date
- 09/08/2024
$25,000
$30,000
$100
Debt
Pre-Seed
RegCF
11.50%
3.0 years
Company & Team
Company
- Year Founded
- 2022
- Industry
- Consumer Products, Goods & Services
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- Low
Financials
-
Revenue
- $69,161
- Monthly Burn
- Profitable
- Cash on Hand
- $13,087
- Gross Margin
- 42%
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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 |
|---|---|---|---|---|---|---|
| 09/08/2024 | Honeycomb | - | $3,150 | Debt | Not Funded | RegCF |