MISE

MISE

Closed: Jan. 2025

About this raise: MISE is raising funds on SMBX. The company makes stylish kitchen shoes for people in the culinary industry. MISE shoes are designed to ensure fit, comfort, and performance and feature removable and washable insoles, water-resistant uppers, and TPU cupsoles to shield against splashes, spills, and sharp objects. The company is trusted by over 20,000 culinary professionals and has been featured in several publications. Erik Hernandez founded MISE in May 2020. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $124,000. The campaign proceeds will be used for inventory, working capital, and production expansion.

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Investment Overview

Invested this round: $45,410

Deal Terms

Total Commitments ($USD)

Platform
SMBX
Start Date
12/04/2024
Close Date
01/02/2025
Min. Goal
$10,000
Max. Goal
$124,000
Min. Investment

$10

Security Type

Debt

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

11.25%

Term Length

3.0 years

Company & Team

Company

Year Founded
2020
Industry
Apparel & Fashion
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
Location
Portland, Oregon
Business Type
Growth
Company Website
Visit Website

Team

Employees
2
Prior Founder Exits?
No
Founder Name
Erik Hernandez
Title
CEO

Financials

as of Fiscal Year 2023
 Revenue +303% YoY
$751,947
 Monthly Burn
Profitable
 Cash on Hand
$60,974
Gross Margin
43%

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$751,947

$186,622

COGS

$427,557

$150,774

Tax

$0

$0

 

 

Net Income

$231,095

$205,619

Summary Balance Sheet

FY 2023 FY 2022

Cash

$60,974

$76,132

Accounts Receivable

$0

$0

Total Assets

$363,752

$219,466

Short-Term Debt

$264,567

$35,851

Long-Term Debt

$487,289

$190,613

Total Liabilities

$751,856

$226,464

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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
01/02/2025 SMBX - $45,410 Debt Funded RegCF
04/13/2023 SMBX - $124,000 Debt Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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MISE on SMBX 2024
Platform: SMBX
Security Type: Debt

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Follow MISE on SMBX 2024

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Warning: according to the close date for this deal, MISE may no longer be accepting investments.

MISE Deal Report

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  • Scores on the founding team and key personnel's background and expertise

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