Moon Raccoon Baking Co

Moon Raccoon Baking Co

Closed: Jul. 2024

About this raise

Moon Raccoon Baking Co. is raising funds on Honeycomb. It is a micro-bakery in Denver, Colorado, specializing in croissants made using organic grains. Moon Raccoon Baking Co. uses locally grown and milled ingredients to create high-quality products and also uses locally sourced eggs, cream, milk, and honey. The business has a loyal customer base and has been interviewed for the Denver edition of Star Chefs magazine. Zoe Deutsch and Kate Lange founded Moon Raccoon Baking Co. in January 2020. The current crowdfunding campaign has a minimum target of $60,000 and a maximum target of $124,000. The campaign proceeds will be used for the construction on a retail space.

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Investment Overview

Invested this round: $83,666

Deal Terms

Total Commitments

Platform
Honeycomb
Start Date
05/23/2024
Close Date
07/06/2024
Min. Goal
$60,000
Max Goal
$124,000
Min. Investment

$100

Security Type

Debt

Payment Schedule

Quarterly

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

13.00%

Term Length

5.0 years

Company & Team

Company

Year Founded
2020
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Location
Denver, Colorado
Business Type
Life Style
Company Website
Visit Website

Team

Employees
3
Prior Founder Exits?
No
Founder Name
Zoe Deutsch
Title
Co-Owner
Founder Name
Kate Lange
Title
Co-Owner

Financials

 Revenue +61% YoY
$261,834
as of FY2023
 Monthly Burn
Profitable
as of FY2023
 Cash on Hand
$11,706
as of FY2023
 Gross Margin
81%
as of FY2023

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$261,834

$162,716

COGS

$49,030

$35,036

Tax

$0

$0

 

 

Net Income

$77,320

$56,617

Summary Balance Sheet

FY 2023 FY 2022

Cash

$11,706

$3,330

Accounts Receivable

$6,270

$5,694

Total Assets

$17,976

$9,024

Short-Term Debt

$0

$5

Long-Term Debt

$0

$0

Total Liabilities

$0

$5

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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
07/06/2024 Honeycomb - $83,666 Debt Funded RegCF
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Moon Raccoon Baking Co. on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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