Cool Beans
About this raise
Cool Beans, with a valuation of $6 million, is raising funds on Republic. The company sells minimally-processed beans in the form of snacks. The offerings of Cool Beans include a line of frozen plant-based wraps that bring whole foods into the diet easily. The Cool Beans wraps are loaded with 27 plant-based ingredients with appealing flavors and gut health. Cool Beans is available at over 5,000 PODs, 1,500 stores, and 16 distribution centers and expects to generate $1.2 million in revenue in 2022. Tyler Mayoras, Mike Brennan, Caryn Rowe Africk, and Eric Schnell founded Cool Beans in May 2018. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $400,000. The campaign proceeds will be used for growth and expansion.
Investment Overview
Invested : $64,261
Deal Terms
Total Commitments
- Platform
- Republic
- Start Date
- 07/12/2022
- Close Date
- 12/29/2022
$25,000
$400,000
$100
SAFE
Early Stage
RegCF
$6,000,000
15%
Company & Team
Company
- Year Founded
- 2018
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2B
- Margin
- Low
- Capital Intensity
- Low
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Analyst Report
Cool Beans lets customers enjoy plant-based frozen burritos at home. Although trends are in its favor, the company faces stiff competition.
Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $2,845,000
- VC Backed?
- Yes
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 12/29/2022 | Republic | $6,000,000 | $64,261 | SAFE | Funded | RegCF |
Founder Interview
Cool Beans Founder Tyler Mayoras Brings VC Knowledge to Plant-Based Food
Walking through the aisles of your local grocery store you are likely to find countless options for quick, handheld, easy-to-make meals. You may not, however, find many options that are made from plant-based whole food ingredients. A growing number of consumers are seeking out plant-based meals, but they still want the convenience of easy-to-prepare frozen foods.Cool Beans is answering this need with its vegan, gluten-free wraps. The company's wraps are made primarily from beans while featuring globally-inspired flavors. We reached out to co-founder and co-CEO Tyler Mayoras to learn more about his team, competition, and future goals.
Note: This interview was conducted over phone and email. It has been lightly edited for clarity and length.