Montiel Farms

Montiel Farms

Closed: Apr. 2023

About this raise

Montiel Farms is raising funds on Honeycomb. It is an urban farm in Wichita, Kansas, bringing unique models of urban agriculture and food systems to the community. The business has employed individual contractors to grow, harvest, and sell nutritious produce and food and is geographically accessible to thousands of local residents. Montiel Farms has gained recognition from several organizations and government agencies and plans to expand to 14 more farming sites soon. Thomas Montiel founded Montiel Farms in February 2022. The current crowdfunding campaign has a minimum target of $35,000 and a maximum target of $50,000. The campaign proceeds will be used to purchase a BCS tractor.

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Investment Overview

Invested this round: $47,150

Deal Terms

Total Commitments

Platform
Honeycomb
Start Date
03/03/2023
Close Date
04/03/2023
Min. Goal
$25,000
Max Goal
$50,000
Min. Investment

$100

Security Type

Debt

Payment Schedule

Quarterly

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

13.50%

Term Length

5.0 years

Company & Team

Company

Year Founded
2022
Industry
Farming & Agriculture
Tech Sector
AgriTech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
High
Location
Wichita, Kansas
Business Type
Growth
Company Website
Visit Website

Team

Employees
1
Prior Founder Exits?
No
Founder Name
Thomas Montiel
Title
Owner

Financials

 Revenue
$14,667
as of FY2022
 Monthly Burn
$1,298
as of FY2022
 Runway
5.7 months
as of FY2022
 Gross Margin
78%
as of FY2022

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$14,667

$0

COGS

$3,232

$0

Tax

$0

$0

 

 

Net Income

$-15,580

$0

Summary Balance Sheet

FY 2022 FY 2021

Cash

$7,336

$0

Accounts Receivable

$0

$0

Total Assets

$32,366

$0

Short-Term Debt

$2,356

$0

Long-Term Debt

$20,126

$0

Total Liabilities

$22,482

$0

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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
04/03/2023 Honeycomb - $47,150 Debt Funded RegCF
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Montiel Farms on Honeycomb 2023
Platform: Honeycomb
Security Type: Debt

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