ROCKaBLOCK
About this raise
ROCKaBLOCK is raising funds on Honeycomb. It is a lifestyle brand that creates impactful products for inspired people. ROCKaBLOCK is not just a brand but a movement that celebrates the richness of Black culture through its bold and thought-provoking designs. The offerings of ROCKaBLOCK include augmented reality-enhanced apparel and accessories that have been featured across TV, radio, print, and online media. Rockland Page founded ROCKaBLOCK in November 2017. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $100,000. The campaign proceeds will be used to purchase a Vastex Conveyor dryer, an LED exposure unit, a coating rack, an iMac computer, and an air compressor, and fund working capital, moving costs, and refinancing debt.
Investment Overview
Invested : $30,300
Deal Terms
Total Commitments
- Platform
- Honeycomb
- Start Date
- 09/11/2024
- Close Date
- 10/31/2024
$25,000
$50,000
$100
Debt
Quarterly
RegCF
12.75%
3.0 years
Company & Team
Company
- Year Founded
- 2017
- Industry
- Apparel & Fashion
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- Low
Financials
- Revenue -33.7% YoY
-
$91,049
as of FY2023
- Monthly Burn
-
Profitable
as of FY2023
-
Cash on Hand
-
$292
as of FY2023
- Gross Margin
-
88%
as of FY2023
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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 |
|---|---|---|---|---|---|---|
| 10/31/2024 | Honeycomb | - | $30,300 | Debt | Funded | RegCF |