Steeped Coffee

Steeped Coffee

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

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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.

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