About this raise
Ghost Town Oats, with a valuation of $12.5 million, is raising funds on Wefunder. It is a Black-owned and barista-owned oat milk company that aims to create a vibrant culture around plant-based milk. Ghost Town Oats’ milk is versatile and tasty, is certified gluten-free, non-GMO, and kosher, and is loved by people of all ages. The business has sold 1 million cartons of oat milk, reached $1 million in total revenue, and has received several awards and mentions for its packaging and taste. Michelle R. Johnson, Eric J. Grimm, and Ezra Baker founded Ghost Town Oats in December 2020. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $124,000. The campaign proceeds will be used towards TetraEdge packaging, production, team growth, and marketing.
Investment Overview
Not Funded: $244,106
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 10/29/2024
- Close Date
- 02/28/2025
$50,000
$124,000
$100
SAFE
Growth Stage
RegCF
$12,500,000
10%
Company & Team
Company
- Year Founded
- 2020
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Low
- Capital Intensity
- Low
Financials
- Revenue +414% YoY
-
$2,096,179
as of FY2023
- Monthly Burn
-
$71,000
as of Oct '24
-
Runway
-
1 months
as of Oct '24
- Gross Margin
-
22%
as of FY2023
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $6,102,589
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 02/28/2025 | Wefunder | $12,500,000 | $244,106 | SAFE | Not Funded | RegCF |
| 09/14/2022 | Wefunder | $10,000,000 | $210,881 | SAFE | Funded | RegCF |