Kobi Co.

Kobi Co. is a luxury candle company that combines hand-poured candles with curated music playlists to create a unique and distinctive sensory experience focused on self-care and relaxation. Founded by Kobi Gregory and her mother, Tasha Harris, the company emerged as a solution to the challenges of distance learning and pandemic stress. Tasha Harris shifted from a successful career in corporate finance to entrepreneurship, helping her daughter Kobi transform her candle-making hobby into a thriving business. Kobi Co. is on a mission to transform self-care by merging scent, sound, and intention, fostering a calming environment for individuals to be their best selves. Kobi Co. is also committed to supporting Black-owned businesses, contributing to the community, and advocating for mental health and inclusivity. 

Venn’s PRI will offer concessionary working capital to Kobi Co. to assists it in positioning itself for successfully scaling and eventually attracting conventional financing at reasonable rates by reducing its credit card debt, launching a subscription program, enhancing its e-commerce platform, engaging in targeted online advertising and acquiring additional candle production supplies to support meeting increased demand. 

The primary purpose of Venn’s PRI is to promote the social welfare by bringing economic development to downtown Minneapolis that eliminates prejudice and discrimination, and prevents further deterioration of, catalyzes investment in, and brings additional jobs to the area. 

Tasha Harris and Kobi Gregory, Founders of Kobi Co

Recipient Name:  Kobi Co.
Corporate Form:  Minnesota Limited Liability Company  
Entrepreneurs: Tasha Harris 
Investment Sought:  $125,000 - $250,000 
Amount Raised to Date: $125,000

Overview of Investment Terms:

  • 7-Year Unsecured, Subordinate Loan

  • Accrues Simple Interest at 3% Annually

  • Payment Terms

    • Year 1: Interest accrues, not paid 

    • End of Year 2: Annual interest-only payment for years one and two 

    • End of Year 3: Annual interest-only payment for current year, plus 10% of the principal

    • End of Year 4: Annual interest-only payment for current year, plus 15% of the principal

    • End of Years 5 through 7: Annual interest plus 25% of the principal