Phenomenal Foods Co
About this raise
Phenomenal Foods is raising funds on Honeycomb. The company makes low-carb plant-based products for people with specific dietary needs and lifestyles. Phenomenal Foods’ premier product line is Creamy Keto Hot Cereal, which is gluten-free and serves as a healthy alternative to Cream of Wheat. The company has received several awards and sells its products through Amazon and Meijer’s Fairfax Market. Veronica Blue founded Phenomenal Foods in June 2020. 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 inventory, marketing, and working capital.
Investment Overview
Not Funded: $2,122
Deal Terms
Total Commitments
- Platform
- Honeycomb
- Start Date
- 12/22/2023
- Close Date
- 01/19/2024
$35,000
$70,000
$100
Debt
Quarterly
RegCF
11.00%
3.0 years
Company & Team
Company
- Year Founded
- 2020
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Medium
- Capital Intensity
- Low
Financials
- Revenue -90.7% YoY
-
$9,175
as of FY2022
- Monthly Burn
-
$3,955
as of FY2022
-
Cash on Hand
-
$2,718
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 |
|---|---|---|---|---|---|---|
| 01/19/2024 | Honeycomb | - | $2,122 | Debt | Not Funded | RegCF |