CxffeeBlack
About this raise
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.
Investment Overview
Invested : $348,480
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 06/07/2024
- Close Date
- 05/01/2025
$50,000
$1,235,000
$100
SAFE
Early Stage
RegCF
$5,000,000
0%
Company & Team
Company
- Year Founded
- 2019
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2C
- Margin
- Medium
- Capital Intensity
- High
Financials
- Revenue +36% YoY
-
$333,449
as of FY2023
- Monthly Burn
-
$6,151
as of FY2023
-
Cash on Hand
-
$2,249
as of FY2023
- Gross Margin
-
61%
as of FY2023
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $180,000
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 05/01/2025 | Wefunder | $5,000,000 | $348,480 | SAFE | Funded | RegCF |