Timpanogos Hiking Co
About this raise
Timpanogos Hiking Co is raising funds on Honeycomb. It is an outdoor apparel brand that helps people escape the noise through hiking and physical experiences. Timpanogos Hiking Co has a loyal customer base with a return rate of 14% and has generated $300,000 in revenue. The business has been featured in media outlets like the Daily Herald, KSL, and Silicon Slopes and was a semi-finalist for the RevRoad Entrepreneur Competition. Joseph Vogel founded Timpanogos Hiking Co in July 2022. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $100,000. The campaign proceeds will be used for inventory, new hires, product and brand development, store improvements, and refinancing high-interest debt.
Investment Overview
Not Funded: $4,800
Deal Terms
Total Commitments
- Platform
- Honeycomb
- Start Date
- 01/31/2024
- Close Date
- 03/15/2024
$50,000
$100,000
$100
Debt
Quarterly
RegCF
12.00%
3.0 years
Company & Team
Company
- Year Founded
- 2022
- Industry
- Apparel & Fashion
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- Low
Financials
-
Revenue
-
$147,075
as of FY2022
- Monthly Burn
-
Profitable
as of FY2022
-
Cash on Hand
-
$6,581
as of FY2022
- Gross Margin
-
100%
as of FY2022
Upgrade to gain access
-
$12.50 /month
billed annually - Free portfolio tracking, data-driven ratings, AI analysis and reports
- Plan Includes:
- Everything in Free, plus
- Company specific
Kingscrowd ratings and analyst reports
- Deal explorer and side-by-side comparison
- Startup exit and failure tracking
- Startup market filters and historical industry data
- Advanced company search ( with ratings)
- Get Edge Annual
Edge
Ratings 
Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $0
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 03/15/2024 | Honeycomb | - | $4,800 | Debt | Not Funded | RegCF |