Love of Honey
About this raise: Love of Honey, a honey products business in Goochland, VA, is raising funds on MainVest. The company makes varieties of pure honey, honey caramel, and chocolate-covered honey with roasted pecans. George Hatchell founded Love of Honey in June 2020. The proceeds of the current crowdfunding raise, with a minimum target of $50,000 and a maximum target of $200,000, will be used towards the purchase of kitchen equipment and farm equipment and the expansion of the farm. Love of Honey celebrates a natural resource and stimulates local agriculture. The business ensures that its bees have access to abundant food sources, water, and everything they need for good health and survival.
Investment Overview
Invested : $29,500
Deal Terms
Total Commitments ($USD)
- Platform
- MainVest
- Start Date
- 08/06/2021
- Close Date
- 10/09/2021
$10,000
$200,000
$100
Revenue Share
RegCF
Company & Team
Company
- Year Founded
- 2020
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- Low
Financials
-
Revenue
- $47,057
- Monthly Burn
- $601
- Cash on Hand
- $0
- Gross Margin
- 38%
Upgrade to gain access
-
$12.50 /month
billed annually - Free portfolio tracking, data-driven ratings, AI analysis and reports
- Plan Includes:
- Everything in Free, plus
- Company specific
Kingscrowd ratings and analyst reports
- Deal explorer and side-by-side comparison
- Startup exit and failure tracking
- Startup market filters and historical industry data
- Advanced company search ( with ratings)
- Get Edge Annual
Edge
Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 10/09/2021 | MainVest | - | $29,500 | Revenue Share | Funded | RegCF |