Cherry Bombe

A modern media company celebrating women & creatives in the food world through content & events

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Security Type
CAFES
Categories
Other, Food & Beverage, Media, Restaurant
Min Investment
$350
Location
Brooklyn, NY
Expected Close Date
April 29, 2024
Target Raise
$50.00K-$1.23M
No. Investors
283
Security Price
$1
Website
cherrybombe.com
Number of Employees
5
Cash
$31,772
Revenue
$1,301,844
Short Term Debt
$393,921
Cost of Goods
$639,174
Long Term Debt
$158,908
Net Income
$-56,470

Key Deal Facts

Established 10-year-old brand with an engaged & growing global audience known as the Bombesquad
2024 revenue growth is pacing 300% vs. 2022
Podcast network: Radio Cherry Bombe, new baking & GenZ podcasts + official podcast HBO/MAX "Julia"
Diversified media brand with growing subscription channels & paid membership program
The "Goldilocks" economy is being driven by the unstoppable power of women-owned businesses
Blue chip partnerships including American Express, Whole Foods Market, Kerrygold & OpenTable
Host of the Jubilee conference, the largest U.S. gathering of women in food, beverage & hospitality
The company has been boot-strapped, with no outside capital, until this Community Round

Management Team / Advisory Board Bios

Kerry Diamond Founder, Chief Content Officer25+ years of experience at top media, fashion, and beauty brands, including WWD, Harper’s Bazaar, Lancôme, Coach, and Yahoo Food. Kerry understands how to translate great ideas into content and retail success., Kate Miller Spencer Chief Executive Officer25+ years of experience in sales, marketing, and management. Most recently, Kate was Vox Media’s Head of Industry CPG/Food & Beverage, Fashion, Beauty, Retail. Her career in food media started at Bon Appétit and she spent 17 years at Food & Wine.
Amount Raised : $848,300
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Security Description

A CAFES (Contract and Future Equity Stake) can convert into different types of equity upon a Triggering Event, such as: common or preferred stock for a corporation, limited partnership interest for a limited partnership and membership interest for a limited liability company. At the time of the Triggering Event, the specific rights and limitations associated with the equity stake being issued to the investors will be determined and disclosed by the Entrepreneur.

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