Queens
About this raise
Queens, with a valuation of $3.5 million, is raising funds on Wefunder. It is a Korean American food brand that is good for people and the planet. Queens sells Korean food made using Northern California ingredients in a thoughtful and sustainable manner. The business has grown from a storefront to a brand and is known for its fresh daily banchan, ferments, cold and hot foods, Ssam Jang, and many more house-made products. Eddo Kim and Clara Lee founded Queens in March 2015. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $3 million. The campaign proceeds will be used for new equipment and partial operations.
Investment Overview
Invested : $104,600
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 08/14/2023
- Close Date
- 11/01/2023
$50,000
$124,000
$100
Convertible Note
Early Stage
RegCF
$3,500,000
0%
Company & Team
Company
- Year Founded
- 2015
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Medium
- Capital Intensity
- Low
Financials
- Revenue -16.6% YoY
-
$617,472
as of FY2022
- Monthly Burn
-
$942
as of FY2022
-
Runway
-
-0 months
as of FY2022
- Gross Margin
-
65%
as of FY2022
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $450,000
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 11/01/2023 | Wefunder | $3,500,000 | $104,600 | Convertible Note | Funded | RegCF |