About this raise: Stay Pittsburgh is raising crowdfunding on Honeycomb. It is an apartment-style hotel in Pennsylvania and the one and only PA Registered Public Benefit Corporation hotel in Pittsburgh. Stay Pittsburgh serves regional and international customers, including young travelers, sports enthusiasts, weekend warriors, and conference-goers. It helps people enjoy the fun culture and location of Pittsburg with affordable prices and convenient amenities. Zachary Patton founded Stay Pittsburgh in July 2016. The current crowdfunding campaign has a minimum target of $45,000 and a maximum target of $90,000. The campaign proceeds will be used for expansion, marketing, and working capital.
Investment Overview
Invested : $50,000
Deal Terms
Total Commitments ($USD)
- Platform
- Honeycomb
- Start Date
- 08/26/2024
- Close Date
- 11/04/2024
$45,000
$90,000
$100
Debt
Seed
RegCF
13.00%
3.0 years
Company & Team
Company
- Year Founded
- 2016
- Industry
- Travel and Hospitality
- Tech Sector
- Distribution Model
- B2C
- Margin
- Medium
- Capital Intensity
- Low
Financials
- Revenue -50.9% YoY
- $476,347
- Monthly Burn
- $4,877
-
Runway
- 1.1 months
- Gross Margin
- 73%
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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 |
|---|---|---|---|---|---|---|
| 11/04/2024 | Honeycomb | - | $50,000 | Debt | Funded | RegCF |
| 10/11/2020 | Honeycomb | - | $0 | Debt | Not Funded | RegCF |