Cusa Tea & Coffee

Early Stage

The world’s first botanically extracted instant coffee and tea

Analytics

Raised to Date: Raised: $222,576

Aggregate Commitments $

Platform

Wefunder

Start Date

08/31/2022

Close Date

04/30/2023

Min. Goal

$50,000

Max. Goal

$4,000,000

Min. Investment

$250

Security Type

Convertible Note

Funding Type

RegCF

Series

Seed

Valuation Cap

$8,000,000

Discount Rate

20%

Rolling Commitments $

Status

Active

Reporting Date

12/09/2022

Days Remaining

142

% of Min. Goal

445%

% of Max. Goal

6%

Likelihood of Max
unlikely
Avg. Daily Raise

$2,226

# of Investors

217

Momentum
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Location

Boulder, Colorado

Industry

Food, Beverage, & Restaurants

Tech Sector

Foodtech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Business Type

Growth

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.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$845,415

$637,002

COGS

$564,591

$428,710

Tax

$0

$0

 

 

Net Income

$-872,603

$-777,159

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$271,432

$578,258

Accounts Receivable

$37,797

$27,284

Total Assets

$954,991

$1,235,965

Short-Term Debt

$129,643

$213,864

Long-Term Debt

$961,401

$518,642

Total Liabilities

$1,091,044

$732,506

Financials as of: 08/31/2022
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Ratings KingsCrowd Startup Rating Methodology Article

Analyst Report Analyst Report Methodology Article

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.

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Cusa Tea & Coffee on Wefunder 2022
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Platform: Wefunder
Security Type: Convertible Note
Valuation: $8,000,000

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