Windy City Mushroom Farms

Windy City Mushroom Farms

Closed: Jul. 2024

About this raise: Windy City Mushroom Farms is raising funds on Honeycomb. It is a vertically integrated gourmet mushroom producer in Chicago, Illinois. Windy City Mushroom Farms specializes in fresh mushrooms and a unique line of pre-cooked mushroom-based products known as Fungitarian. The business sells fresh mushrooms to Whole Foods Markets in 70 Midwest stores, Pete-s Fresh Market, Sunset Foods, and Fresh Thyme Chicagoland, and will start selling Fungitarian products through 70 Fresh Thyme stores in June 2024. Guy Furman founded Windy City Mushroom Farms in January 2015. The current crowdfunding campaign has a minimum target of $60,000 and a maximum target of $124,000. The campaign proceeds will be used to purchase expansion equipment.

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Investment Overview

Invested this round: $82,485

Deal Terms

Total Commitments ($USD)

Platform
Honeycomb
Start Date
06/03/2024
Close Date
07/15/2024
Min. Goal
$60,000
Max. Goal
$124,000
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
2015
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B2C
Margin
Low
Capital Intensity
High
Location
Chicago, Illinois
Business Type
Life Style
Company Website
Visit Website

Team

Employees
17
Prior Founder Exits?
No
Founder Name
Guy Furman
Title
Owner and Managing Member

Financials

as of Fiscal Year 2023
 Revenue +699% YoY
$520,361
 Monthly Burn
$98,441
 Runway
0.3 months

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$520,361

$65,110

COGS

$701,664

$369,961

Tax

$0

$0

 

 

Net Income

$-1,181,292

$-1,002,421

Summary Balance Sheet

FY 2023 FY 2022

Cash

$29,480

$286,834

Accounts Receivable

$89,423

$39,005

Total Assets

$342,203

$544,714

Short-Term Debt

$1,351

$-11,357

Long-Term Debt

$1,328,011

$588,538

Total Liabilities

$1,329,362

$577,181

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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
07/15/2024 Honeycomb - $82,485 Debt Funded RegCF
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Windy City Mushroom Farms on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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