About this raise
Loxsmith Bagels is raising funds on Honeycomb. The business sells its unique bagels and lox in Seattle, Washington. Loxsmith Bagels’ creations are a fusion of appetizing deli food with Asian cuisine and pay homage to the classics. The menu includes 20 bagels, smoked fish made with wild-caught King Salmon, bagel sandwiches, coffee, and babka. Loxsmith Bagels is focused on quality, value, and Asian-inspired combinations and has been named one of the Top Ten Bagel Shops in Seattle by Eater. Matthew Segal founded Loxsmith Bagels in July 2021. 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 move equipment to the second location.
Investment Overview
Not Funded: $4,000
Deal Terms
Total Commitments
- Platform
- Honeycomb
- Start Date
- 11/13/2024
- Close Date
- 12/15/2024
$25,000
$30,000
$100
Debt
Quarterly
RegCF
13.25%
3.0 years
Company & Team
Company
- Year Founded
- 2021
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- Low
Financials
- Revenue +53% YoY
-
$205,888
as of FY2023
- Monthly Burn
-
Profitable
as of FY2023
-
Cash on Hand
-
$2,449
as of FY2023
- Gross Margin
-
74%
as of FY2023
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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 |
|---|---|---|---|---|---|---|
| 12/15/2024 | Honeycomb | - | $4,000 | Debt | Not Funded | RegCF |
| 11/02/2022 | SMBX | - | $60,000 | Debt | Funded | RegCF |