Pip & Lola's (2022)

Pip & Lola's (2022)

About this raise

Pip & Lola’s, a handmade soap company in Pennsylvania, is raising crowdfunding on Honeycomb. The company makes barely-scented vegan and vegetarian soaps using natural plant and vegetable oils, botanicals, and natural essential oils. Samantha Story-Camp and Bruce Story-Camp founded Pip & Lola’s in 2011. The proceeds of the current crowdfunding campaign, with a minimum target of $15,000 and a maximum target of $16,000, will be used towards a retail build out. Pip & Lola’s has high demand and was voted Best Beauty Supply Store by Pittsburgh Magazine. The company also works towards the community by donating one bar of soap for every two items sold per month.

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Investment Overview

Invested this round: $15,500

Deal Terms

Total Commitments

Platform
Honeycomb
Start Date
12/13/2021
Close Date
01/12/2022
Min. Goal
$15,000
Max Goal
$16,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Company & Team

Company

Year Founded
2011
Industry
Beauty & Personal Care
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Location
Pittsburgh, Pennsylvania
Business Type
Life Style
Company Website
Visit Website

Team

Employees
7
Prior Founder Exits?
No
Founder Name
Bruce Story-Camp
Title
Co-Owner/Operator
Founder Name
Samantha Story-Camp
Title
CEO

Financials

 Revenue +6% YoY
$91,000
 Monthly Burn
Profitable
 Cash on Hand
$29,663
Gross Margin
74%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$91,000

$85,995

COGS

$23,405

$12,596

Tax

$0

$0

 

 

Net Income

$8,742

$31,759

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$29,663

$26,318

Accounts Receivable

$0

$0

Total Assets

$29,663

$26,318

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

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Company Funding & Growth

Funding history

Offering Name Close Date Platform Valuation Total Raised Security Type Status Reg Type
Pip & Lola's 01/12/2022 Honeycomb - $15,500 Debt Funded RegCF
Pip & Lola’s 08/10/2021 Honeycomb - $97,000 Debt Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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Pip & Lola’s on Honeycomb 2021-12
Platform: Honeycomb
Security Type: Debt

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