Mermaid Kitchen
About this raise
Mermaid Kitchen is raising funds on SMBX. The business sells fresh bagels and bakery items at farmers’ markets in Madison, Wisconsin. Mermaid Kitchen uses local products and sustainable ingredients to make its products and teaches people to cook them from scratch in a fun atmosphere. The business currently sells through a stall at the largest producer-only farmers’ market, DCFM, and aims to build a bigger teaching and community space. Lisa Jacobson founded Mermaid Kitchen in January 2021. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $75,000. The campaign proceeds will be used to build out the new space, upgrade transportation, and refinance debt.
Investment Overview
Committed $76,030 :
Deal Terms
Company & Team
Company
- Year Founded
- 2021
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2C
- Margin
- High
- Capital Intensity
- Low
Financials
- Revenue +231% YoY
- $75,574
- Monthly Burn
- Profitable
- Cash on Hand
- $3,342
- Gross Margin
- 83%
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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 |
---|---|---|---|---|---|---|
03/13/2025 | SMBX | - | $76,030 | Debt | Active | RegCF |