Honeyfund

Honeyfund

Support the people you love with Honeyfund

Print
Security Type
Common Stock
Categories
Financial Services
Min Investment
$138
Location
Clearwater, FL
Offering Date
October 30, 2020
Expected Close Date
April 28, 2021
Target Raise
$10.00K-$1.07M
Deal Notes

Price per Share: $0.92

Valuation
$19,000,000

Company Description

Have you ever given a honeymoon contribution as a wedding gift? If so, you probably did it on Honeyfund, the most trusted honeymoon wedding gift registry. Honeyfund is expanding its popular gift platform so couples can receive financial support from friends and family for all of life’s milestones and mishaps -- like buying a home, having a baby, or even an unexpected illness.

Key Deal Facts

Honeyfund has a solid history of performance -- funding one million couples, with more than $640 million in gifts from 6 million givers since 2006.
Honeyfund led a consumer shift in the $19 billion wedding industry from blenders and dishes to cash and experiences. Now we plan to lead that same shift in the larger $130 billion all occasion gift market.
The company is backed by Kevin O' Leary of Shark Tank, with advisors including the founder of Ureeka/former head of data at Facebook, and the former CMO of Uber.

Management Team / Advisory Board Bios

Sara Margulis
CEO, Cofounder, Director
Sara Margulis started Honeyfund with a background in online marketing and customer service. She holds an MBA in marketing from Golden Gate University. After fully acquiring the company from her co-founder in 2019, Sara led her team to overhaul the product and service model, doubling customer engagement in just one year. Ms. Margulis's winning appearance on Shark Tank (2014) propelled her into regional, national, and international broadcast media appearances, discussing topics including weddings and honeymoons, personal finance, entrepreneurship, motivation, and women in business.

Michael J. Love
Director of Technology
In addition to being a seasoned career programmer, Michael has built his career as a tech founder and manager of multiple successful technology companies. He brought daily print newspapers to the Web in Canada and Europe in the 1990s, and then went on to co-found Conceptis Technologies, an online medical pioneer, which created TheHeart.org: the world's leading cardiology portal. The company was purchased by WebMD in 2005. He then built Canada's largest bargain shopping community with over 2.5 million monthly unique visitors (RedFlagDeals) and sold it to the Yellow Pages. Prior to joining Honeyfund, Michael was VP of Engineering at Beachfront Media, a mobile video advertising company.

Carrie Kentch
Advertising Sales Executive
Carrie Kentch has more than 20 years media sales experience, driving advertising results to many types of businesses. In addition, she's spent more than seven years working in the extremely competitive wedding space, and understands what it takes to connect with this very unique audience. She has found success in managing sales teams by connecting team members to the overall mission and using consistent coaching and training to develop each individual.
Carrie has been active in several non-profit organizations including American Advertising Federation of Omaha, Women in Media &; Marketing and the Omaha Restaurant Association, Girls Incorporated and The Women's Fund.

Ellen High
Product Owner
Ellen High is a versatile digital leader with more than a decade of experience delivering transformative applications across various industries. Ellen holds a M.Eng. in Systems Engineering from Rensselaer Polytechnic Institute. After honing her skills in functional team leadership, digital product management, and business strategy while delivering business applications with a consulting agency, she progressed to a role in continuous product management in 2017. Joining the Honeyfund team as Product Owner in July 2020, she is pleased to be bringing delightful user experiences to the Honeyfund community.

Rachel Harris
Director of Customer Service
Rachel has more than 24 years of customer-service experience, working in call centers for companies ranging from debt collection to phone companies to finance. She started at Honeyfund in 2012, developing a 5-star customer support team from the ground up. Rachel's a superstar when it comes to training and developing a high-touch service team that delights in helping couples achieve their financial goals.

Deal Notes

Price per Share: $0.92

Amount Raised : $61,227
Reveal the Score by Voting
_
Additional ratings from other users are needed to determine a viable CrowdScore for this deal.
The "CrowdScore" for this deal is determined by user ratings and other factors using our proprietary algorithm.
The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.
Business Idea
The progress made thus far in demonstrating that the business has viability, a customer base or other business traction.
Business Traction
The experience of the management team in running, scaling and/or exiting a business that required similar skills to execute the business plan.
Management Team
The value of the company compared to similar companies raising money from investors.
Valuation

Security Description

Common stock is a security that represents ownership in a corporation.

Research Reports

No reports have been submitted

Become a Reporter

0 Comments