Steeped Coffee

New Standard in Coffee: Specialty Coffee Brewed Like Tea in a Single-Serve Bag

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Form C
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Security Type
Crowd SAFE
Categories
Food & Bev
Min Investment
$100
Location
SAN FRANCISCO, CA
Offering Date
June 07, 2022
Expected Close Date
April 25, 2024
Target Raise
$50.00K-$5.00M
No. Investors
1
Security Price
$1
Website
steepedcoffee.com
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

Leading single-serve brewing method for specialty coffee | craft quality Driving an entirely new coffee category Single-serve reimagined, with no equipment required & fully compostable 400+ top coffee brand partners licensing the Steeped Brewing Method Traction with national distribution spanning multiple vertical markets Proprietary IP protections & strategy Award-winning with national product recognition

Management Team / Advisory Board Bios

Josh Wilbur CEO A serial entrepreneur and inventor, living on the cusp of innovation and disruption. Ron Scadina VP of Sales Stirling Vineyard CFO Heather Rios HR Toby Wingo Plant Operations BraunHagey & Borden Legal Counsel Fish & Richardson Patent IP

Amount Raised : $1,538,387
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Business Traction
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Management Team
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Valuation

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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