Cusa Tea & Coffee
About this raise: Cusa Tea & Coffee, with a valuation of $8 million, is raising funds on Wefunder. The company makes the world’s first botanically-extracted instant tea and coffee. Cusa’s instant tea and coffee are full of flavor and aroma and contain potent active ingredients. Cusa Tea & Coffee has already sold over 10 million cups to more than 80,000 customers and has a revenue run-rate of $2.2 million with a 567% DTC growth. Jim Lamancusa founded Cusa Tea & Coffee in December 2016. The current crowdfunding campaign has a minimum target of $750,000 and a maximum target of $4 million. The campaign proceeds will be used for marketing, inventory, new staffing, and new product development.
Investment Overview
Invested : $239,076
Deal Terms
Total Commitments ($USD)
- Platform
- Wefunder
- Start Date
- 08/31/2022
- Close Date
- 12/09/2022
$50,000
$4,000,000
$250
Convertible Note
Seed
RegCF
$7,000,000
$8,000,000
20%
Company & Team
Company
- Year Founded
- 2016
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- Low
Financials
- Revenue +33% YoY
- $845,415
- Monthly Burn
- $72,717
-
Runway
- 3.7 months
- Gross Margin
- 33%
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Analyst Report
Cusa Tea & Coffee is a consumer packaged goods (CPG) company with legitimate technological differentiation. That's a rare find. And its approach to instant coffee and tea is turning heads.
Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $541,610
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 12/09/2022 | Wefunder | $8,000,000 | $239,076 | Convertible Note | Funded | RegCF |