Overview
Raised: $97,000
Total Commitments ($USD)
Platform
Honeycomb
Start Date
06/21/2021
Close Date
08/10/2021
Min. Goal
$30,000
Max. Goal
$100,000
Min. Investment
$100
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Rolling Commitments ($USD)
Status
Funded
Reporting Date
08/30/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,980
# of Investors
75
Momentum
Funded
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Year Founded
2011
Industry
Beauty & Personal Care
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Pip & Lola’s, a handmade soap company in Pennsylvania, is raising crowdfunding on Honeycomb. The company makes barely-scented vegan and vegetarian soaps using natural plant and vegetable oils, botanicals, and natural essential oils. Samantha Story-Camp and Bruce Story-Camp founded Pip & Lola’s in 2011. The proceeds of the current crowdfunding campaign, with a minimum target of $30,000 and a maximum target of $100,000, will be used towards the opening of the third location, equipment, inventory, rent, signage, marketing, and working capital. Pip & Lola’s has high demand and was voted Best Beauty Supply Store by Pittsburgh Magazine. The company also works towards the community by donating one bar of soap for every two items sold per month.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$91,000 |
$85,995 |
|
COGS |
$23,405 |
$12,596 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$8,742 |
$31,759 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$29,663 |
$26,318 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$29,663 |
$26,318 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 06/21/2021
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