Patsy's Rum Cake
[Closed for Investment] Patsy’s Rum Cake is raising funds on Honeycomb. The bakery is based in Brooklyn, New York, and makes handcrafted Caribbean-inspired rum cakes. Patsy’s Rum Cake offers a retro-tropical vibe and provides a unique dessert experience to both locals and tourists. The business is renowned for its unique rum cake flavors and has collaborated with prestigious brands, including Nordstrom, Amazon Web Services, Paramount, and Malin + Goetz, for special events. Kathy-Ann Misick founded Patsy’s Rum Cake in February 2020. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $30,000. The campaign proceeds will be used for payroll and operating expenses.
Investment Overview
Raised: $6,700
Deal Terms
Total Commitments ($USD)
- Platform
- Honeycomb
- Start Date
- 07/29/2024
- Close Date
- 09/04/2024
$25,000
$30,000
$100
Debt
Pre-Seed
RegCF
13.50%
3.0 years
Company & Team
Company
- Year Founded
- 2020
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- Low
Financials
- Revenue -43.5% YoY
- $17,348
- Monthly Burn
- $1,917
-
Runway
- 0.9 months
- Gross Margin
- 29%
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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 |
|---|---|---|---|---|---|---|
| 09/04/2024 | Honeycomb | - | $6,700 | Debt | Not Funded | RegCF |