Steeped Coffee
New Standard in Coffee: Specialty Coffee Brewed Like Tea in a Single-Serve Bag
- Security Type
- Crowd SAFE
- Min Investment
- $100
- Location
-
SCOTTS VALLEY, CA
- Offering Date
- June 07, 2022
- Expected Close Date
- August 07, 2022
- Amount Raised
- $5,000,000
- Target Raise
- $1M-$5M
- No. Investors
- 4
- Security Price
- $1
- Number of Employees
- 32
- Cash
- $192,267
- Revenue
- $2,922,061
- Short Term Debt
- $1,104,377
- Cost of Goods
- $2,851,959
- Long Term Debt
- $7,412,131
- Net Income
- $-2,964,275
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
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.