Polpetti Italian
About this raise
Polpetti Italian is raising funds on Honeycomb. It is a small food market in Richmond, Virginia, known for its culinary delights. Polpetti Italian specializes in delectable sauces, fresh pasta, and other bakery items with authentic Italian flavors. The business has a loyal customer base and grew by 176% in net income in 2023. Peter Riccobono and Georgia Riccobono founded Polpetti Italian in October 2019. The current crowdfunding campaign has a minimum target of $35,000 and a maximum target of $50,000. The campaign proceeds will be used for restaurant equipment for the second location and working capital.
Investment Overview
Not Funded: $5,645
Deal Terms
Company & Team
Company
- Year Founded
- 2019
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- Low
Financials
- Revenue +239% YoY
- $282,013
- Monthly Burn
- Profitable
- Cash on Hand
- $7,654
- Gross Margin
- 60%
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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 |
---|---|---|---|---|---|---|
06/08/2024 | Honeycomb | - | $5,645 | Debt | Not Funded | RegCF |