Riff
Coffee’s contributing to the climate crisis. We have a win-win-win solution.
Amount Raised:
$439,948
- Security Type
- Preferred Stock
- Categories
- Main Street, Retail, Lifestyle, Food and Bev, Technology, Sustainability
- Min Investment
- $100
- Location
-
Redmond, OR
- Expected Close Date
- April 30, 2023
- Target Raise
- $50.00K-$1.07M
- No. Investors
- 285
- Security Price
- $0.68
- Valuation
- $11,000,000
- Website
- letsriff.com
- Number of Employees
- 7
- Cash
- $35,513
- Revenue
- $252,431
- Short Term Debt
- $971,497
- Cost of Goods
- $295,299
- Long Term Debt
- $632,185
- Net Income
- $875,439
Company Description
❤️ Mission & Purpose Driven: Reversing Coffee’s Contribution to Climate Change
🤘 Rock Star Team of Advisors Including a Super Bowl Champion & Former President of Anheuser-Busch
🔬 Executive Team of Veterans from Food Science, Coffee, Craft Beverage, Branding, and Pro Sports
♻️ Upcycling a Byproduct of the Coffee Harvest into a Tasty Climate-Friendly Energy Drink
📈 Using a Readily Available Nutritionally-Rich Ag Product to Capitalize on a Rapid-Growth Category
🛒 Distributed in 9 States to Top Natural & Conventional Grocery Stores with Growing E-Comm Presence
🙌 Backed by Seasoned Investors in Food & Bev, Technology, Retail, Venture Capital & Consumer Goods
💵 Revenues Projected to Surpass $30M by 2025 (projections cannot be guaranteed)
🤘 Rock Star Team of Advisors Including a Super Bowl Champion & Former President of Anheuser-Busch
🔬 Executive Team of Veterans from Food Science, Coffee, Craft Beverage, Branding, and Pro Sports
♻️ Upcycling a Byproduct of the Coffee Harvest into a Tasty Climate-Friendly Energy Drink
📈 Using a Readily Available Nutritionally-Rich Ag Product to Capitalize on a Rapid-Growth Category
🛒 Distributed in 9 States to Top Natural & Conventional Grocery Stores with Growing E-Comm Presence
🙌 Backed by Seasoned Investors in Food & Bev, Technology, Retail, Venture Capital & Consumer Goods
💵 Revenues Projected to Surpass $30M by 2025 (projections cannot be guaranteed)
Use of Proceeds
Key Deal Facts
❤️ Mission & Purpose Driven: Reversing Coffee’s Contribution to Climate Change
🤘 Rock Star Team of Advisors Including a Super Bowl Champion & Former President of Anheuser-Busch
🔬 Executive Team of Veterans from Food Science, Coffee, Craft Beverage, Branding, and Pro Sports
♻️ Upcycling a Byproduct of the Coffee Harvest into a Tasty Climate-Friendly Energy Drink
📈 Using a Readily Available Nutritionally-Rich Ag Product to Capitalize on a Rapid-Growth Category
🛒 Distributed in 9 States to Top Natural & Conventional Grocery Stores with Growing E-Comm Presence
🙌 Backed by Seasoned Investors in Food & Bev, Technology, Retail, Venture Capital & Consumer Goods
💵 Revenues Projected to Surpass $30M by 2025 (projections cannot be guaranteed)
🤘 Rock Star Team of Advisors Including a Super Bowl Champion & Former President of Anheuser-Busch
🔬 Executive Team of Veterans from Food Science, Coffee, Craft Beverage, Branding, and Pro Sports
♻️ Upcycling a Byproduct of the Coffee Harvest into a Tasty Climate-Friendly Energy Drink
📈 Using a Readily Available Nutritionally-Rich Ag Product to Capitalize on a Rapid-Growth Category
🛒 Distributed in 9 States to Top Natural & Conventional Grocery Stores with Growing E-Comm Presence
🙌 Backed by Seasoned Investors in Food & Bev, Technology, Retail, Venture Capital & Consumer Goods
💵 Revenues Projected to Surpass $30M by 2025 (projections cannot be guaranteed)
Use of Proceeds
Management Team / Advisory Board Bios
Paul Evers Co Founder/CEO; Nate Armburst; Kevin Smyth Co Founder/ COO
Amount Raised:
$439,948
Security Description
Preferred securities are a type of investment that generally offers some sort of preferred treatment through a dividend or preferred treatment in a liquidation.