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Spinn

Building the future of coffee

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Security Type
Common Stock
Categories
Technology, Consumer Goods & Products, Retail, Sustainability, Food & Beverage, Other
Min Investment
$100
Location
San Francisco, CA
Expected Close Date
April 29, 2024
Target Raise
$50.00K-$1.24M
No. Investors
802
Security Price
$1
Website
spinn.com
Number of Employees
40
Cash
$3,515,008
Revenue
$9,375,178
Short Term Debt
$9,641,175
Cost of Goods
$7,338,177
Long Term Debt
$5,961,071
Net Income
$-8,948,990

Key Deal Facts

$17M revenue run rate, 328% YoY growth Backed by top VCs Spark Capital, Amazon’s Alexa Fund, Alexis Ohanian & Bar9 Ventures World-class team from Microsoft, Dyson, Sony, Philips, Blue Bottle & La Marzocco 12M+ servings made & 70,000 active users 90,000 bags of coffee sold & 120+ local roasting partners 4.8/5 customer rating Powered by patented technology using centrifugal brewing process Featured in Forbes, Fast Company, Business Insider, CNET, TechCrunch & Wired

Management Team / Advisory Board Bios

Roderick de Rode CEOSerial entrepreneur and tech executive. Scaled $250M+ online and distribution businesses. Co-founded Limeau (acquired by Heineken). Backed by top VCs Spark Capital, Amazon’s Alexa Fund & Bar9 Ventures. Ex-Microsoft and Dell. Psychology, MSc. and MBA., Serge de Warrimont CIOInventor & design ace. 20+ years experience building products and brands for Fortune 500 companies. Track record of creating & growing teams from product concept to mass production. Earned international design awards. MS, Industrial & Product Design., Gladys Fung CFO AdvisorFinance and operations leader. 20+ years of global experience, including technical accounting & finance. 10+ years as CFO for multiple VC-backed startups. Successfully led companies through IPO and M&A exits. Ex-Ring, Disney, and E&Y. USC BS, Harvard MA., Daan Oostveen CPOSeasoned connected products & services creator. Ex-Sony & TomTom. Record of integrating hardware, software, online experiences, & content for a cohesive user journey. Expertise in IOT, marketplaces, & innovative GTMs. MSc. Industrial Design Engineering., Scott Callender SVP Business DevelopmentCoffee industry veteran with 15+ years experience driving industry innovation. Pioneered a direct-to-consumer model for La Marzocco Home & collaborated with engineers to create the Linea Mini. Tuck School of Business & SDA Bocconi, MBA.

Amount Raised : $4,194,187
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Security Description

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

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