Rize Up

Rize Up

Bakeries

Bakeries

Overview

Raised to Date: Raised: $297,630

Total Commitments ($USD)

Platform

SMBX

Start Date

12/12/2022

Close Date

03/01/2023

Min. Goal
$150,000
Max. Goal
$350,000
Min. Investment

$10

Security Type

Debt

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

9.50%

Term Length

5.0 years

Rolling Commitments ($USD)

Status
Funded
Reporting Date

03/30/2023

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$3,767

Momentum
Funded
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Year Founded

2021

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

High

Capital Intensity

High

Location

San Francisco, California

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

FY 2021 FY 2020

Revenue

$241,229

$43,636

COGS

$84,995

$20,625

Tax

$0

$0

 

 

Net Income

$-73,593

$-22,011

Summary Balance Sheet

FY 2021 FY 2020

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: 12/12/2022
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Rize Up on SMBX 2022
Platform: SMBX
Security Type: Debt

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