The Open Road
The Open Road is raising funds on Honeycomb. It is a non-alcoholic bar and bottle shop in Pittsburgh, Pennsylvania. The Open Road offers over 400 unique non-alcoholic and functional drinks, which are sold through its retail store and local distribution to local events, bars and restaurants, and local delivery. The business has been mentioned in over 25 national and local press publications and has been a two-time winner of CityPaper Best of PGH: 2023 Best Mocktails and 2024 Best Beer Distributor. Melissa Babitz founded The Open Road in January 2020. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $120,000. The campaign proceeds will be used for construction, plumbing, and electrical work.
Investment Overview
Raised: $122,427
Deal Terms
Total Commitments ($USD)
- Platform
- Honeycomb
- Start Date
- 11/25/2024
- Close Date
- 01/06/2025
$50,000
$120,000
$100
Debt
Pre-Seed
RegCF
12.50%
5.0 years
Company & Team
Company
- Year Founded
- 2020
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Low
- Capital Intensity
- Low
Financials
- Revenue +64% YoY
- $303,523
- Monthly Burn
- $149
-
Runway
- 24+ months
- Gross Margin
- 40%
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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 |
|---|---|---|---|---|---|---|
| 01/06/2025 | Honeycomb | - | $122,427 | Debt | Active | RegCF |