Rize Up

Bakeries

Overview

Raised to Date: Raised: $186,960

Total Commitments ($USD)

Platform

SMBX

Start Date

12/13/2022

Close Date

03/02/2023

Min. Goal

$150,000

Max. Goal

$350,000

Min. Investment

$10

Security Type

Debt

Series

Seed

Funding Type

RegCF

Interest Rate

9.50%

Term Length

5.0 years

Rolling Commitments ($USD)

Status

Active

Reporting Date

02/02/2023

Days Remaining

28

% of Min. Goal

125%

% of Max. Goal

53%

Likelihood of Max
unlikely
Avg. Daily Raise

$3,666

Momentum
cold.svg
Create a free account today to gain access to KingsCrowd analytics.
Location

San Francisco, California

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

High

Capital Intensity

High

Business Type

Life Style

Rize Up is raising funds on SMBX. It is a bakery in San Francisco, California, that makes unique bread in a variety of flavors. The offerings of Rize Up include the Ube loaf in bright purple color, the Hella Black loaf in deep black color, the Garlic Comfit Thyme, the K-Pop Loaf with Gochujang, and the Masala loaf along with the traditional plain sourdough. Rize Up represents both rising up of dough and standing up for justice. Azikiwee Anderson founded Rize Up in January 2021. The current crowdfunding campaign has a minimum target of $150,000 and a maximum target of $350,000. The campaign proceeds will be used for equipment and vehicle, leasehold improvements, and working capital.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$241,229

$43,636

COGS

$84,995

$20,625

Tax

$0

$0

 

 

Net Income

$-73,593

$-22,011

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$22,658

$26,799

Accounts Receivable

$282

$0

Total Assets

$166,768

$40,557

Short-Term Debt

$2,284

$0

Long-Term Debt

$0

$0

Total Liabilities

$2,284

$0

Financials as of: 12/13/2022
Create a free account today to gain access to KingsCrowd analytics.

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$12.42 /month
billed annually
Free portfolio tracking and KingsCrowd's quantitative ratings on all raises.
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings (excluding risk)
Advanced company search ( with ratings)
Markets page filters and historical industry data
Get Edge Annual

Edge Pro

$41.58 /month
billed annually
Full site access including KingsCrowd's qualitative analyst reports.
Plan Includes:
Everything in Edge, plus
Full access to detailed Analyst Reports (e.g. Top Deal, Deal to Watch, Neutral, and Underweight)
Search and filter based on Analyst Reports
In-depth risk ratings for every raise
Get Edge Pro Annual
Already a member? Log in here.

Ratings KingsCrowd Startup Rating Methodology Article

Create your first portfolio

Create your very own investment portfolio on KingsCrowd.

Now you can track all of your startup investments in one place utilizing our state-of-the-art portfolio tracker tools. To begin, create your first portfolio below.

Add to portfolio
Rize Up on SMBX 2022
$
Platform: SMBX
Security Type: Debt

Follow company

Follow Rize Up on SMBX 2022
View on SMBX