Whiff and Nibble Novelty Gifts

Whiff and Nibble Novelty Gifts

[Closed for Investment] Whiff and Nibble Novelty Gifts is raising funds on Honeycomb. The business is based in Detroit, Michigan, and specializes in food-themed candles and soaps. Whiff and Nibble Novelty Gifts makes food-themed gifts that look good enough to eat and evoke joy, nostalgia, and sensory experiences. The products are designed to resemble desserts and comfort foods and include Froot Loop Cupcakes, Dessert Candles, Pie Candles, and Cereal Candles. The business has a loyal customer base and has several awards and recognitions. Denetra Jackson founded Whiff and Nibble Novelty Gifts in August 2023. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $30,000. The campaign proceeds will be used to make candles for a Big Box Store.

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Investment Overview

Raised this Round: Raised: $9,250

Deal Terms

Total Commitments ($USD)

Platform
Honeycomb
Start Date
09/11/2024
Close Date
10/10/2024
Min. Goal
$25,000
Max. Goal
$30,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

14.00%

Term Length

3.0 years

Company & Team

Company

Year Founded
2023
Industry
Consumer Products, Goods & Services
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
Low
Location
Detroit, Michigan
Business Type
Life Style
Company Website
Visit Website

Team

Employees
1
Prior Founder Exits?
No
Founder Name
Denetra Jackson
Title
Owner

Financials

as of Fiscal Year 2023
 Revenue
$2,332
 Monthly Burn
$171
 Runway
0 months

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$2,332

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-2,047

$0

Summary Balance Sheet

FY 2023 FY 2022

Cash

$-1,584

$0

Accounts Receivable

$0

$0

Total Assets

$-1,584

$0

Short-Term Debt

$74

$0

Long-Term Debt

$0

$0

Total Liabilities

$74

$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
10/10/2024 Honeycomb - $9,250 Debt Not Funded RegCF
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Whiff and Nibble Novelty Gifts on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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