Wax + Wine
[Closed for Investment] Wax + Wine is raising funds on Honeycomb. It is a high-end custom candle-making experience center in Philadelphia, Pennsylvania. Wax + Wine takes the drink-and-DIY concept to a luxury level and presents customers with an opportunity to make their own custom-scented candles while they enjoy their drinks. The business entertains couples and group reservations and also offers private and semi-private event packages. Jordan Beletz founded Wax + Wine in March 2018. The current crowdfunding campaign has a minimum target of $60,000 and a maximum target of $124,000. The campaign proceeds will be used for licensing development, working capital, refinancing debt, product development, and e-commerce development.
Investment Overview
Raised: $1,850
Deal Terms
Total Commitments ($USD)
- Platform
- Honeycomb
- Start Date
- 09/19/2024
- Close Date
- 10/30/2024
$60,000
$124,000
$100
Debt
Pre-Seed
RegCF
14.25%
5.0 years
Company & Team
Company
- Year Founded
- 2018
- Industry
- Media, Entertainment & Publishing
- Tech Sector
- Distribution Model
- B2C
- Margin
- Medium
- Capital Intensity
- Low
Financials
- Revenue +14% YoY
- $856,573
- Monthly Burn
- Profitable
- Cash on Hand
- $6,177
- Gross Margin
- 56%
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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 |
|---|---|---|---|---|---|---|
| 10/30/2024 | Honeycomb | - | $1,850 | Debt | Not Funded | RegCF |