Planet Bake

Planet Bake

Closed: Oct. 2024

About this raise

Planet Bake is raising funds on Honeycomb. The health-conscious bakery is based in New York, NY, and is focused on making desserts healthier and more lifestyle-conscious. Planet Bake is known for its healthy offerings that do not compromise on taste, texture, and quality and give the body the required antioxidants, nutrients, and energy. The business is known for its baked donuts, which are gluten-free, soy-free, plant-based, sugar-free, kosher certified, and low in calories, sodium, saturated fats, and net carbs. Kathrin Henon founded Planet Bake in January 2021. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $50,000. The campaign proceeds will be used to bring donuts to the entire East Coast.

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Investment Overview

Not Funded: $7,070

Deal Terms

Total Commitments

Platform
Honeycomb
Start Date
09/25/2024
Close Date
10/28/2024
Min. Goal
$25,000
Max Goal
$50,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

14.00%

Term Length

3.0 years

Company & Team

Company

Year Founded
2021
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Location
New York, New York
Business Type
Growth
Company Website
Visit Website

Team

Employees
2
Prior Founder Exits?
No
Founder Name
Kathrin Henon
Title
CEO

Financials

as of Fiscal Year 2023
 Revenue +47% YoY
$220,028
 Monthly Burn
$1,088
 Runway
8.9 months
Gross Margin
35%

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$220,028

$149,787

COGS

$142,323

$68,055

Tax

$0

$0

 

 

Net Income

$-13,056

$-60,652

Summary Balance Sheet

FY 2023 FY 2022

Cash

$9,691

$21,578

Accounts Receivable

$16,505

$0

Total Assets

$681,733

$676,110

Short-Term Debt

$-8,805

$16

Long-Term Debt

$0

$0

Total Liabilities

$-8,805

$16

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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
10/28/2024 Honeycomb - $7,070 Debt Not Funded RegCF
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Planet Bake on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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