PLAYGROUND DETROIT

PLAYGROUND DETROIT

Open  for investment

About this raise

PLAYGROUND DETROIT is raising funds on Honeycomb. It is an art gallery and creative talent agency based in Detroit, Michigan. PLAYGROUND DETROIT provides a platform for the new generation and emerging local artists and has collaborated with clients such as Breakout, Soho House, and Annapurna Pictures to create special projects and public murals. The business is committed to authenticity, accessibility, and community engagement and has received several awards, like the 2017 Motor City Match Award, the 2018 Gingras Global GUS Award, and the 2019 Knight Arts Challenge Award. Paulina Petkoski founded PLAYGROUND DETROIT in May 2012. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $100,000. The campaign proceeds will be used for transportation, staffing, accommodations, two art fair booths, and miscellaneous expenses.

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Investment Overview

Committed this round: $4,650

Deal Terms

Total Commitments ($USD)

Platform
Honeycomb
Start Date
01/22/2025
Close Date
02/21/2025
Min. Goal
$50,000
Max Goal
$100,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

13.50%

Term Length

5.0 years

Company & Team

Company

Year Founded
2012
Industry
Media, Entertainment & Publishing
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Location
Detroit, Michigan
Business Type
Life Style
Company Website
Visit Website

Team

Employees
2
Prior Founder Exits?
No
Founder Name
Paulina Petkoski
Title
Owner and Director

Financials

 Revenue -14% YoY
$143,224
 Monthly Burn
Profitable
 Cash on Hand
$15,254
Gross Margin
50%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$143,224

$166,622

COGS

$71,110

$98,563

Tax

$0

$0

 

 

Net Income

$18,520

$-71,703

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$15,254

$7,122

Accounts Receivable

$5,493

$269

Total Assets

$120,470

$107,113

Short-Term Debt

$10,535

$12,319

Long-Term Debt

$258,824

$265,366

Total Liabilities

$269,359

$277,685

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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
02/21/2025 Honeycomb - $4,650 Debt Active RegCF
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PLAYGROUND DETROIT on Honeycomb 2025
Platform: Honeycomb
Security Type: Debt

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