MITA
[Closed for Investment] MITA is raising funds on SMBX. It is a restaurant in Washington, DC, known for its plant-based Latin American cuisine. MITA serves a 14-course tasting menu derived from the Latin American heritage of the owners and celebrates the rich culinary traditions of Latin America using locally sourced ingredients. The business has a loyal customer base and offers its guests an immersive and unique dining experience. Miguel Guerra and Tatiana Mora founded MITA in April 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 purchase new equipment and fund the working capital needs.
Investment Overview
Raised: $83,080
Deal Terms
Total Commitments ($USD)
- Platform
- SMBX
- Start Date
- 10/15/2024
- Close Date
- 11/26/2024
$10,000
$75,000
$10
Debt
Pre-Seed
RegCF
11.25%
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 -85.4% YoY
- $8,151
- Monthly Burn
- $14,276
-
Runway
- 11.1 months
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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 |
|---|---|---|---|---|---|---|
| 11/26/2024 | SMBX | - | $83,080 | Debt | Funded | RegCF |