Montiel Farms
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.
Investment Overview
Invested : $47,150
Deal Terms
Total Commitments
- Platform
- Honeycomb
- Start Date
- 03/03/2023
- Close Date
- 04/03/2023
$25,000
$50,000
$100
Debt
Quarterly
RegCF
13.50%
5.0 years
Company & Team
Company
- Year Founded
- 2022
- Industry
- Farming & Agriculture
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- High
- Capital Intensity
- High
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
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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 |