About this raise
Spybaby Bridal and Prom is raising funds on Honeycomb. The business sells luxury bridal gowns to brides of all ages in Syracuse, New York. The brides get a no-fee and personalized appointment for an hour and fifteen minutes and get to feel special for their special day. Spybaby also offers final alterations, mother of the bride/groom dresses, and prom dresses and has won several Best Retailer awards from Allure, Jovani, and Casablanca Bridal. Marie Adornato founded Spybaby Bridal and Prom in November 1996. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $100,000. The campaign proceeds will be used for trade show expenses, photo shoots, inventory, and boutique management software development.
Investment Overview
Committed : $12,787
Deal Terms
Total Commitments
- Platform
- Honeycomb
- Start Date
- 03/27/2025
- Close Date
- 05/08/2025
$25,000
$100,000
$100
Debt
Quarterly
RegCF
10.50%
3.0 years
Company & Team
Company
- Year Founded
- 1996
- Industry
- Apparel & Fashion
- Tech Sector
- Distribution Model
- B2C
- Margin
- Medium
- Capital Intensity
- Low
Financials
- Revenue -7.9% YoY
-
$850,219
as of FY2024
- Monthly Burn
-
Profitable
as of FY2024
-
Cash on Hand
-
$4,555
as of FY2024
- Gross Margin
-
78%
as of FY2024
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $0
- VC Backed?
- No