Reem's Falafel
About this raise
Reem’s Falafel is raising funds on Honeycomb. The food business is based in Austin, Texas, and brings authentic Jerusalem street food to downtown Austin. Reem’s Falafel uses authentic cooking styles and high-quality ingredients to make its falafels and other delicacies available in gluten-free and dairy-free options. The business has a loyal customer base and has won several awards, including “Best Shawarma and Falafel” by Austin’s only Middle Eastern blogger and one of the top five Best Middle Eastern restaurants by the Austin Chronicles. Tony Musleh founded Reem’s Falafel in March 2021. The current crowdfunding campaign has a minimum target of $75,000 and a maximum target of $100,000. The campaign proceeds will be used for a new food truck, running capital, and marketing.
Investment Overview
Not Funded: $2,050
Deal Terms
Total Commitments ($USD)
- Platform
- Honeycomb
- Start Date
- 09/04/2024
- Close Date
- 10/18/2024
$75,000
$100,000
$100
Debt
Pre-Seed
RegCF
12.75%
3.0 years
Company & Team
Company
- Year Founded
- 2021
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- Low
Financials
- Revenue +25% YoY
- $198,488
- Monthly Burn
- $233
-
Runway
- 4.4 months
- Gross Margin
- 94%
Upgrade to gain access
-
$12.50 /month
billed annually - Free portfolio tracking, data-driven ratings, AI analysis and reports
- Plan Includes:
- Everything in Free, plus
- Company specific
Kingscrowd ratings and analyst reports
- Deal explorer and side-by-side comparison
- Startup exit and failure tracking
- Startup market filters and historical industry data
- Advanced company search ( with ratings)
- Get Edge Annual
Edge
Ratings 
Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $0
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 10/18/2024 | Honeycomb | - | $2,050 | Debt | Not Funded | RegCF |