About this raise
Weaver Outdoors is raising funds on Honeycomb Credit. The company is an Outdoor Power Equipment dealership based in Northern Indiana that specializes in selling a wide range of equipment. They offer products including mowers, tractors, wheel loaders, snowplows, attachments, and more, catering to homeowners, landscapers, contractors, municipalities, and agricultural professionals. In 2023, Weaver Outdoors was honored with the title of "GiANT New Dealer of the Year" and was also given the 5-star Dealer award from The Grasshopper Company. Cousins Adam Weaver and Matt Capparelli co-founded Weaver Outdoors in 2021. The current crowdfunding campaign has a minimum target of $1,000,000 and a maximum target of $1,900,000. The campaign proceeds will be used for purchasing a second dealership in South Bend, IN, investing in more inventory and equipment, and enhancing logistics and service capabilities.
Investment Overview
Invested : $1,029,951
Deal Terms
Total Commitments
- Platform
- Honeycomb
- Start Date
- 09/11/2023
- Close Date
- 11/30/2023
$1,000,000
$1,900,000
$100
Debt
Quarterly
RegCF
10.00%
7.0 years
Company & Team
Company
- Year Founded
- 2021
- Industry
- Consumer Products, Goods & Services
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Low
- Capital Intensity
- Low
Financials
-
Revenue
-
$204,455
as of FY2022
- Monthly Burn
-
$6,025
as of FY2022
-
Runway
-
23.8 months
as of FY2022
- Gross Margin
-
65%
as of FY2022
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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 |
|---|---|---|---|---|---|---|
| 02/27/2024 | Honeycomb | - | $5,100 | Debt | Not Funded | RegCF |
| 11/30/2023 | Honeycomb | - | $1,029,951 | Debt | Funded | RegCF |