Waku

Deliciously Replenishing Herbal Tea Maximized For Gut-Health

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Form C
View on Republic
Security Type
Crowd SAFE
Categories
Retail, Social Impact, Consumer Goods & Products, Food & Bev, Community & Lifestyle, Health & Fitness
Min Investment
$100
Location
SOMERVILLE, MA
Offering Date
August 20, 2021
Expected Close Date
April 30, 2022
Target Raise
$25.00K-$1.07M
No. Investors
144
Security Price
$1
Website
livewaku.com
Number of Employees
0
Cash
$8,405
Revenue
$143,751
Short Term Debt
$62,482
Cost of Goods
$120,971
Long Term Debt
$975,114
Net Income
$-469,530

Company Description

Waku: a delicious, all natural revival of body and spirit that starts in your gut, leaving you feeling calm, replenished, and ready for whatever comes next. A moment to replenish. A moment to reconnect. A moment to gear up for whatever comes next. Waku celebrates those moments in life that lift us up and help us stay grounded. Steeped in goodness and brewed to perfection, our herbal teas draw on centuries of Ecuadorian knowledge and biodiversity to create a deliciously refreshing brew that does wonders for your digestion, helping you feel calm, revived, and rebalanced.

Key Deal Facts

$650K+ in projected revenue by the EOY 2021
360%+ growth vs. 2020 (as of June 2021)
Acquired over 3,500 new customers in the last 12 months (as of June 2021)
31% repeat purchase rate making up 40%+ of our revenue (as of June 2021)
550+ positive reviews (Amazon + Livewaku.com)
Investors include Branch Venture Group and Boston Impact Initiative
Direct sourcing model buying at fair prices from smallholder farmers in EC

Management Team / Advisory Board Bios

Juan Giraldo, Co-Founder & CEO
I am a a passionate entrepreneur who brings optimism, team building and vision to company culture. He is globally minded and experienced in working with international teams.

Nico Estrella. Co-Founder & CMO
I am a motivated, optimistic and determined leader with great problem-solving skills developed through a background on business and marketing education. Passionate about the power of entrepreneurship and how it can create immense impact in the world.
Amount Raised : $88,601
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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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