The Rabbit Hole

The Rabbit Hole

Closed: Jul. 2021

About this raise

The Rabbit Hole, an upcoming destination for beer, wine, and cocktails in Houston, Texas, is raising crowdfunding on NextSeed. The unique destination will offer great drinks and a warm atmosphere and will also feature an in-house kitchen serving delicious pub fare. William Daniel and Ian Frascati founded The Rabbit Hole in December 2020. The current crowdfunding round has a minimum raise of $275,000 and a maximum raise of $350,000, and the funds will be used towards the buildout of the space, furniture, equipment, and working capital. The Rabbit Hole is led by an experienced team and will bring a historic charm to the nightlife scene in Houston.

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Investment Overview

Invested this round: $328,900

Deal Terms

Total Commitments

Platform
NextSeed
Start Date
04/28/2021
Close Date
07/22/2021
Min. Goal
$275,000
Max Goal
$350,000
Min. Investment

$100

Security Type

Revenue Share

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Return Multiple

1.45X

Company & Team

Company

Year Founded
2020
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
Location
Houston, Texas
Business Type
Life Style
Company Website
Visit Website

Team

Employees
2
Prior Founder Exits?
No
Founder Name
Ian Frascati
Title
Co-Owner
Founder Name
William Daniel
Title
Co-Owner

Financials

 Revenue
$0
 Monthly Burn
$250
 Runway
8 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-3,000

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$2,000

$1,500

Accounts Receivable

$0

$0

Total Assets

$2,000

$1,500

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
07/22/2021 NextSeed - $328,900 Revenue Share Funded RegCF
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The Rabbit Hole on NextSeed
Platform: NextSeed
Security Type: Revenue Share

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

The Rabbit Hole Deal Report

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