Holdon Bags Inc

Holdon Bags Inc

A household goods company that sells heavy duty, compostable bags to help reduce traditional plastic

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Security Type
CAFES
Categories
Social Impact, Consumer Goods & Products, Retail, VC-Backed, Sustainability
Min Investment
$100
Location
Santa Monica, CA
Expected Close Date
April 30, 2025
Target Raise
$50.00K-$410.00K
No. Investors
169
Security Price
$1
Website
holdonbags.com
Number of Employees
3
Cash
$168,148
Revenue
$3,133,281
Short Term Debt
$881,119
Cost of Goods
$1,260,838
Long Term Debt
$2,718,067
Net Income
$-1,752,288

Key Deal Facts

$4MM revenue run-rate in second full year in market
Winner of Fast Company’s 2023 Innovation by Design Awards in the Materials category
Backed by industry leaders and proven operators from Hippeas, Reel, Method & Grove Collaborative.
90% 4 and 5-star reviews with over 40,000 happy customers
Strong 55%+ gross margins at present with improvements expected as business grows
Amazon.com sales are growing 10% per month in 2024 and approaching $3MM+ run-rate
Launched at Target with fantastic early results and expanded into Kroger doors in October 2023
Featured in Forbes, Vice, Buzzfeed, CNN Underscored, Domino, Real Simple, R29, Variety & The Skimm

Management Team / Advisory Board Bios

VC-Backed
Raised $250K or more from a venture firm, Fast Growth
Revenue growing 2X/yr for at least prior 6 months, $5M+ Revenue
Earned over the last 12 months, Livio Bisterzo FounderA lifelong entrepreneur, Livio founded Green Park with a mission to create, operate, and accelerate disruptor CPG brands where doing good business means doing more good by consumers and for the planet—includes HIPPEAS, Reel, Mavericks & BETR Remedies., Justin Penrod President & GMAn experienced executive in sustainable consumer products, Justin has led sales organizations at method, Grove Collaborative, and other successful household products businesses., Andrew Sylvester VP of Finance Investor and advisor in consumer goods, Jenny Konopinski Director of MarketingJenny is a marketing leader with over a decade of experience in building mission-driven brands, specializing in data-driven marketing strategies that connect with consumers to drive awareness, engagement and retention., Esther Hong Esther is a seasoned professional in Supply Chain Management & Operations, and has worked with remarkable brands and companies such as Samsung, Toms, and Alleyoop.
Amount Raised : $1,861,670
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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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