The Soop
About this raise
The Soop is raising funds on SMBX. It is a farm-to-table restaurant in Portland, Oregon, that brings fresh ingredients to the table. The Soop uses hydroponic farming and microgreen farming to grow its own high-quality ingredients using less water, space, and energy and creates comfort food from scratch using these ingredients. Ann Lee and Jeremiah Son founded The Soop in August 2017. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $124,000. The campaign proceeds will be used to purchase new hydroponic equipment, expand the business, and refinance high-interest debt.
Investment Overview
Invested : $78,010
Deal Terms
Total Commitments
- Platform
- SMBX
- Start Date
- 11/04/2024
- Close Date
- 12/17/2024
$10,000
$124,000
$10
Debt
Monthly
RegCF
11.25%
3.0 years
Company & Team
Company
- Year Founded
- 2017
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2C
- Margin
- High
- Capital Intensity
- Low
Financials
- Revenue +47% YoY
-
$631,839
as of FY2023
- Monthly Burn
-
Profitable
as of FY2023
-
Cash on Hand
-
$38,229
as of FY2023
- Gross Margin
-
76%
as of FY2023
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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 |
|---|---|---|---|---|---|---|
| 12/17/2024 | SMBX | - | $78,010 | Debt | Funded | RegCF |
