CxffeeBlack

CxffeeBlack

Early Stage

Tracing the origins of coffee back to Africa

Tracing the origins of coffee back to Africa

Overview

Raised this Round: Raised: $207,590

Total Commitments ($USD)

Platform

Wefunder

Start Date

06/06/2024

Close Date

10/07/2024

Min. Goal
$50,000
Max. Goal
$1,235,000
Min. Investment

$100

Security Type

SAFE

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.00

Valuation Cap

$5,000,000

Discount

0%

Year Founded

2019

Industry

Tech Sector

Location

Memphis, Tennessee

CxffeeBlack is raising funds on Wefunder. The company is a social enterprise focused on reclaiming the Black narrative in the coffee industry. CxffeeBlack offers coffee products and educational experiences to highlight the African roots of coffee culture. The company has gained significant traction with its unique approach and community engagement. Bartholomew Jones and Renata Henderson founded CxffeeBlack in 2019. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1,235,000. The campaign proceeds will be used to expand production capabilities, enhance marketing efforts, and develop educational programs.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$333,449

$245,097

COGS

$129,639

$85,547

Tax

$0

$0

 

 

Net Income

$70,469

$-72,312

Summary Balance Sheet

FY 2023 FY 2022

Cash

$1,179

$1,331

Accounts Receivable

$0

$0

Total Assets

$88,643

$54,294

Short-Term Debt

$58,189

$135,926

Long-Term Debt

$80,000

$0

Total Liabilities

$138,189

$135,926

Financials as of: 06/06/2024
Create a free account today to gain access to KingsCrowd analytics.

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$25 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.
Add to portfolio
Cxffeeblack on Wefunder
Platform: Wefunder
Security Type: SAFE
Valuation: $5,000,000
Price per Share: $1.00

Follow company

Follow Cxffeeblack on Wefunder

Buy CxffeeBlack's Deal Report

CxffeeBlack Deal Report

Get KingsCrowd’s comprehensive report on CxffeeBlack including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether CxffeeBlack is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the CxffeeBlack deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge