Magnolia Fund HTX
About this raise
Magnolia Fund HTX is raising funds on Wefunder. It is a community-owned commercial kitchen and food hub in Houston’s East End. Magnolia Fund HTX is transforming a 50,000-square-foot kitchen into Houston’s first community-owned commercial kitchen that will bring together food entrepreneurs, artisans, and residents in a shared space. The business has signed letters of intent with several local food and beverage businesses and will have multiple revenue streams from kitchen rentals, event spaces, and co-working areas. Erik Ibarra founded Magnolia Fund HTX in December 2023. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $124,000. The campaign proceeds will be used for operating expenses and marketing.
Investment Overview
$309,900 - Total
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 12/18/2024
- Close Date
- 07/15/2025
$50,000
$124,000
$100
Revenue Share
Annually
RegCF
/ RegD 506(c)
1.08X
Company & Team
Company
- Year Founded
- 2023
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2B
- Margin
- High
- Capital Intensity
- High
Financials
-
Revenue
-
$0
as of FY2024
- Monthly Burn
-
$5,856
as of FY2024
-
Runway
-
23.9 months
as of FY2024
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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 |
|---|---|---|---|---|---|---|
| 07/15/2025 | Wefunder | - | $309,900 | Revenue Share | Active | RegCF / RegD 506(c) |