White Maize

White Maize

Restaurants And Bars

Restaurants And Bars

Overview

Raised to Date: Raised: $34,010

Total Commitments ($USD)

Platform

SMBX

Start Date

02/26/2024

Close Date

04/16/2024

Min. Goal
$20,000
Max. Goal
$124,000
Min. Investment

$10

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

11.25%

Term Length

3.0 years

Rolling Commitments ($USD)

Status
Funded
Reporting Date

04/29/2024

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$694

Momentum
Funded
Create a free account today to gain access to KingsCrowd analytics.
Year Founded

2018

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Location

Brooklyn, New York

Business Type

Life Style

White Maize is raising funds on SMBX. The restaurant in Brooklyn, New York, is known for its Venezuelan-inspired Latin American cuisine. White Maize serves real food with no additives and uses fresh and high-quality ingredients to create authentic dishes, most of which are gluten-free. The offerings of White Maize include rice bowls, cachapas, arepas, tres leches cake, quesillo, Nutella tequenos, guava, and cheese tequenos. Kathyana Valera founded White Maize in April 2018. The current crowdfunding campaign has a minimum target of $20,000 and a maximum target of $124,000. The campaign proceeds will be used for working capital to build out a new location and purchase equipment and inventory.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$884,467

$849,951

COGS

$387,802

$361,621

Tax

$0

$0

 

 

Net Income

$-50,074

$46,118

Summary Balance Sheet

FY 2022 FY 2021

Cash

$8,361

$12,323

Accounts Receivable

$0

$0

Total Assets

$8,361

$12,323

Short-Term Debt

$-114,216

$-160,328

Long-Term Debt

$0

$0

Total Liabilities

$-114,216

$-160,328

Financials as of: 02/26/2024
Create a free account today to gain access to KingsCrowd analytics.

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$25 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.

Ratings KingsCrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.
Add to portfolio
White Maize on SMBX 2024
Platform: SMBX
Security Type: Debt

Follow company

Follow White Maize on SMBX 2024

Buy White Maize's Deal Report

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

White Maize Deal Report

Get KingsCrowd’s comprehensive report on White Maize including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether White Maize is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the White Maize deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge