Montiel Farms

Montiel Farms

Farm

Farm

Overview

Raised to Date: Raised: $47,150

Total Commitments ($USD)

Platform

Honeycomb

Start Date

03/02/2023

Close Date

04/03/2023

Min. Goal
$25,000
Max. Goal
$50,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

13.50%

Term Length

5.0 years

Rolling Commitments ($USD)

Status
Funded
Reporting Date

04/29/2023

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$1,521

# of Investors

37

Momentum
Funded
Create a free account today to gain access to KingsCrowd analytics.
Year Founded

2022

Industry

Farming & Agriculture

Tech Sector

AgriTech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

High

Location

Wichita, Kansas

Business Type

Growth

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.

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

Financials as of: 03/02/2023
Create a free account today to gain access to KingsCrowd analytics.

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$25 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.

Ratings KingsCrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.
Add to portfolio
Montiel Farms on Honeycomb 2023
Platform: Honeycomb
Security Type: Debt

Follow company

Follow Montiel Farms on Honeycomb 2023

Buy Montiel Farms's Deal Report

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

Montiel Farms Deal Report

Get KingsCrowd’s comprehensive report on Montiel Farms including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether Montiel Farms is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the Montiel Farms deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge