Papelon
Papelon is raising funds on Honeycomb. The food business brings the authentic flavors of Venezuela to Pittsburgh, PA, through its vibrant dishes. Papelon specializes in authentic arepas made using corn bread filled with a variety of meats, cheeses, and vegetables and also serves empanadas, tequenos, and traditional beverages like passion fruit juice and papelon con limon. The business offers a casual dining experience to its loyal customer base and has been nominated for City Paper awards for best arepa in town for 2024. Armando Gonzalez and Leonardo Pena founded Papelon in January 2021. The current crowdfunding campaign has a minimum target of $35,000 and a maximum target of $70,000. The campaign proceeds will be used for a food truck and new equipment.
Investment Overview
Raised: $30,979
Deal Terms
Total Commitments ($USD)
- Platform
- Honeycomb
- Start Date
- 11/15/2024
- Close Date
- 12/16/2024
$35,000
$70,000
$100
Debt
Pre-Seed
RegCF
12.75%
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
- $200,542
- Monthly Burn
- $717
-
Runway
- 0 months
- Gross Margin
- 46%
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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 |
|---|---|---|---|---|---|---|
| 12/16/2024 | Honeycomb | - | $30,979 | Debt | Active | RegCF |