WeLa Lao

WeLa Lao

Closed: Jul. 2022

About this raise

WeLa Lao is raising funds on Honeycomb. The food business prepares and offers delicious Lao cuisine to its customers and teaches them Lao dishes they can’t find at restaurants. The food is made using high-quality ingredients and includes Khao Jee waffle sticks, Nam Khao, Laap Tacos, and Lao Sausage Baguette Sandwich. WeLa Lao started at the Vancouver Farmer’s Market and has grown its customer base through word-of-mouth. Suzanne Phengsy founded WeLa Lao in December 2021. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $75,000. The campaign proceeds will be used for kitchen equipment, staffing, marketing, and food truck.

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Investment Overview

Not Funded: $3,600

Deal Terms

Total Commitments

Platform
Honeycomb
Start Date
06/02/2022
Close Date
07/18/2022
Min. Goal
$25,000
Max Goal
$75,000
Min. Investment

$100

Security Type

Debt

Payment Schedule

Monthly

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

11.25%

Term Length

5.0 years

Company & Team

Company

Year Founded
2021
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Location
Vancouver, Washington
Business Type
Life Style
Company Website
Visit Website

Team

Employees
1
Prior Founder Exits?
No
Founder Name
Suzanna Phengsy
Title
Owner

Financials

 Revenue
$0
 Cash on Hand
$0

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$0

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$0

$0

Accounts Receivable

$0

$0

Total Assets

$0

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

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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
07/18/2022 Honeycomb - $3,600 Debt Not Funded RegCF
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Add to portfolio
WeLa Lao on Honeycomb 2022
Platform: Honeycomb
Security Type: Debt

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

WeLa Lao Deal Report

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