Steeped Coffee

New coffee standard: specialty coffee brewed like tea in a single-serve brew bag

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Security Type
Crowd SAFE
Min Investment
$100
Location
SAN FRANCISCO, CA
Offering Date
February 15, 2024
Expected Close Date
April 25, 2024
Target Raise
$50.00K-$5.00M
No. Investors
1
Security Price
$1
Number of Employees
16
Cash
$2,266,809
Revenue
$2,828,531
Short Term Debt
$708,586
Cost of Goods
$2,462,362
Long Term Debt
$16,042,986
Net Income
$-4,999,091

Key Deal Facts

Ultra-Premium: Top Single-Serve Brewing Method for Specialty Coffee
Single-Serve Reimagined: No Machines Required + Compostable
Category Creator: Proprietary Platform | Comprehensive IP Strategy
Licensed Partners: 400+ Premier Coffee Brands
Traction: National Distribution + Multiple Verticals
Award-Winning: Nationally Acclaimed for Product + Business Practices
Accessible to Anyone, Anywhere, Anytime

Management Team / Advisory Board Bios

Josh Wilbur
Founder
An impact-driven entrepreneur and inventor, living on the cusp of innovation and disruption.

Evan Dohrmann
EVP of Sales
Seasoned and results-driven executive leader with a relentless commitment to driving growth and implementing transformative solutions.

Lisa Dentino
Executive Assistant

James Bierman
CFO

Wade Wickus
VP of Operations

Heather Rios
Sr. Director of People

Stirling Vineyard
Financial Advisor

BraunHagey & Borden
Legal Counsel

Fish & Richardson
Patent IP
Amount Raised : $1,647,067
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Security Description

An equity crowdfunding specific version of a SAFE used by crowdfunding portal Republic. Upon conversion (if and when that happens), investors may receive special shares with limited rights that do not show up on a company’s cap table. The issuer may roll over and not convert shares at the next financing round causing investors to lose out on some upside.

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