The Paper Canopy

The Paper Canopy

Closed: Jun. 2023

About this raise

The Paper Canopy is raising funds on Honeycomb. With over 20 years of retail and sales experience, founder Casey Berry established The Paper Canopy in 2021 and launched its online site in 2022. After a year of successful online and pop-up shop sales, the company is establishing its first retail store in Charleston, SC. The current crowdfunding campaign has a minimum target of $30,000 and a maximum target of $60,000. The campaign proceeds will be used to cover rental, staff, and advertising costs, as well as purchase inventory.

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Investment Overview

Invested this round: $36,200

Deal Terms

Total Commitments

Platform
Honeycomb
Start Date
05/18/2023
Close Date
06/16/2023
Min. Goal
$30,000
Max Goal
$60,000
Min. Investment

$100

Security Type

Debt

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

13.75%

Company & Team

Company

Year Founded
2021
Industry
Arts & Crafts
Tech Sector
Location
CHARLESTON, South Carolina

Team

Employees
1

Financials

 Revenue
$0
as of FY2022
 Monthly Burn
$422
as of FY2022
 Runway
0 months
as of FY2022
 Gross Margin
7%
as of FY2022

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$13,349

$0

COGS

$12,426

$0

Tax

$0

$0

 

 

Net Income

$-5,065

$0

Summary Balance Sheet

FY 2022 FY 2021

Cash

$-2,778

$0

Accounts Receivable

$0

$0

Total Assets

$-2,778

$0

Short-Term Debt

$2,655

$0

Long-Term Debt

$0

$0

Total Liabilities

$2,655

$0

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
06/16/2023 Honeycomb - $36,200 Debt Funded RegCF
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The Paper Canopy on Honeycomb 2023
Platform: Honeycomb
Security Type: Debt

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Warning: according to the close date for this deal, The Paper Canopy may no longer be accepting investments.

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