Vegan Soul

Vegan Soul

Closed: Jun. 2021

About this raise: Vegan Soul, a vegan food business in Idaho, is raising funds on Honeycomb. The business aims to make vegan food more desirable and available by changing all meals into their plant-based versions. Vegan Soul has won several awards for its best-tasting vegan soul food from PETA. Mae Gaines founded Vegan Soul in August 2019. The current crowdfunding round has a minimum target of $15,000 and a maximum target of $50,000, and the funds will be used to purchase a food trailer fully equipped with appliances and build a commissary kitchen. Vegan Soul offers meals that people can’t imagine being vegan. The food is enjoyed by both vegans and non-vegans of all ages.

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Investment Overview

Invested this round: $34,100

Deal Terms

Total Commitments ($USD)

Platform
Honeycomb
Start Date
03/31/2021
Close Date
06/02/2021
Min. Goal
$15,000
Max. Goal
$50,000
Min. Investment

$100

Security Type

Debt

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Company & Team

Company

Year Founded
2019
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
Location
Boise, Idaho
Business Type
Life Style
Company Website
Visit Website

Team

Employees
1
Prior Founder Exits?
No
Founder Name
Edna Mae Gaines
Title
Owner

Financials

 Revenue
$14,301
 Cash on Hand
$480
Gross Margin
64%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$14,301

$0

COGS

$5,134

$0

Tax

$0

$0

 

 

Net Income

$3,988

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$480

$0

Accounts Receivable

$0

$0

Total Assets

$3,280

$0

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
06/02/2021 Honeycomb - $34,100 Debt Funded RegCF
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Vegan Soul on Honeycomb
Platform: Honeycomb
Security Type: Debt

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Warning: according to the close date for this deal, Vegan Soul may no longer be accepting investments.

Vegan Soul Deal Report

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