The Kraken’s Cup
About this raise: The Kraken’s Cup is raising funds on Honeycomb. It is a new full-service restaurant and tearoom in Knoxville, Tennessee, known for its extensive selection of teas. The Kraken’s Cup includes a whimsical English Tea Garden with a fairy village set up and the Adventurer’s Library with a more intimate and dark setting. The business has received several awards and is a cornerstone for community events, fundraisers, and celebrations. Vallie Prince founded The Kraken’s Cup in December 2018. The current crowdfunding campaign has a minimum target of $65,000 and a maximum target of $85,000. The campaign proceeds will be used to consolidate startup debt.
Investment Overview
Committed : $17,450
Deal Terms
Total Commitments ($USD)
- Platform
- Honeycomb
- Start Date
- 12/30/2024
- Close Date
- 02/10/2025
$65,000
$85,000
$100
Debt
Pre-Seed
RegCF
14.25%
5.0 years
Company & Team
Company
- Year Founded
- 2018
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- Low
Financials
-
Revenue
- $9,668
- Monthly Burn
- $17,072
-
Runway
- 0.1 months
- Gross Margin
- 43%
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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 |
|---|---|---|---|---|---|---|
| 02/10/2025 | Honeycomb | - | $17,450 | Debt | Active | RegCF |