Poppy
About this raise
Poppy is raising funds on SMBX. It is a neighborhood restaurant in San Francisco, California, known for its well-curated menu of delicious food and warm service. Poppy serves an all-day menu of California-inspired American breakfast classics and lunch options. The restaurant has a sophisticated and comfortable atmosphere and is well-known for its aesthetic and nourishing menu, and knowledgeable staff. Jessica Sullivan and Laurel Robinson founded Poppy in March 2021. The current crowdfunding campaign has a minimum target of $20,000 and a maximum target of $75,000. The campaign proceeds will be used for working capital, equipment, and inventory for the new location.
Investment Overview
Invested : $75,000
Deal Terms
Total Commitments
- Platform
- SMBX
- Start Date
- 12/08/2023
- Close Date
- 02/08/2024
$20,000
$75,000
$10
Debt
Monthly
RegCF
10.25%
3.0 years
Company & Team
Company
- Year Founded
- 2021
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2C
- Margin
- High
- Capital Intensity
- Low
Financials
-
Revenue
-
$0
as of FY2022
- Monthly Burn
-
$9,623
as of FY2022
-
Runway
-
24+ months
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 |
|---|---|---|---|---|---|---|
| 02/08/2024 | SMBX | - | $75,000 | Debt | Funded | RegCF |