Red Bird Produce
Red Bird Produce is raising funds on Honeycomb. The business supplies fresh and locally-sourced fruits, vegetables, coffees, and eggs to people in the Avondale neighborhood in Birmingham, Alabama. Red Bird Produce sources the products from more than 20 farms across the region and offers them to the community at a competitive price. The business has been featured in numerous local, regional, and statewide publications and has generated over $110,000 in lifetime revenues. Casey Hobbs founded Red Bird Produce in July 2023. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $45,000. The campaign proceeds will be used to finance a meat cooler and refinance high-interest debt.
Investment Overview
Raised: $38,400
Deal Terms
Total Commitments ($USD)
- Platform
- Honeycomb
- Start Date
- 11/08/2024
- Close Date
- 12/09/2024
$25,000
$45,000
$100
Debt
Pre-Seed
RegCF
12.50%
3.0 years
Company & Team
Company
- Year Founded
- 2023
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Low
- Capital Intensity
- Low
Financials
-
Revenue
- $17,767
- Monthly Burn
- $237
-
Runway
- 24+ months
- Gross Margin
- 75%
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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 |
|---|---|---|---|---|---|---|
| 12/09/2024 | Honeycomb | - | $38,400 | Debt | Active | RegCF |