Magnolia Fund HTX

Invest in Houston's community-owned food-maker hub

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Categories
Financial Services, Food & Beverage, Community & Lifestyle, Retail
Min Investment
$100
Location
Houston, , TX
No. Investors
72
Website
magnolia.fund

Key Deal Facts

Community-owned commercial kitchen and food hub in Houston's East End.
90% of founding investors are local residents, ensuring wealth stays within the community.
Secured property at 6600 & 6614 Harrisburg Blvd, with kitchen tenants ready to lease.
Multiple revenue streams projected from kitchen rentals, event spaces, and co-working areas.
Letters of intent signed with local food and beverage businesses, ensuring immediate clientele.
Commitment to sustainable development with eco-friendly construction and operations.
Scalable business model poised for expansion into additional services and partnerships.
Pioneering a new model of community-driven economic development and ownership.

Management Team / Advisory Board Bios

Erik Ibarra FounderBootstrapped lab testing startup to a multi-million dollar (ARR) health-tech company and raised in the East End., Marcelo Garcia III Co-Founder EmeritusAn East End native who served his community as a real estate investor and firefighter until making the ultimate sacrifice in the line of duty. (1982-2024), Graciela G Saenz Advisor, Board GovernanceFirst Latina to be elected at-large position, Houston City Council. Attorney with over 35 years of legal services in start ups and nonprofits., Veronica JuarezAdvisor, Fund FormationManaging Partner at Dahlia VC, former Lyft Exec, Fast Company's Most Creative Person in Business., Estella Gonzalez Advisor, Equitable Economic DevelopmentBorn and raised Second Ward; 18+ yrs in public service, including launch of small business incubator for immigrant entrepreneurs; CHCI Alumni, NALCAB Colegio Fellow, & current Executive Director at Harris County Department of Economic Equity & Opportunity, Victoria ElizondoAdvisorFounder of Cochinita & Co., Victoria brings hands-on experience in navigating the challenges of restaurant ownership, catering, and certified food manufacturing., Robert LopezAdvisorFounder of Kickin’ Kombucha, Robert has expertise in kitchen incubators, food manufacturing, and scaling consumer beverage brands to major retailers.
Amount Raised : $327,000
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