Kribi Coffee Company

Kribi Coffee Company

Closed: Feb. 2023

About this raise

Kribi Coffee Company, with a valuation of $10.45 million, is raising funds on StartEngine. It is a coffee business that sources green coffee beans ethically, and air roasts them in-house on demand. The business has a patented air-roasting technology that enables the production of authentic, flavorful, and uniquely experiential coffee. Kribi Coffee Company sells through its retail locations, wholesale to other small businesses and coffee shops, and through e-commerce. Jacques E. Shalo founded Kribi Coffee Company in January 2019. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1 million. The campaign proceeds will be used for inventory, sales, marketing, facilities, and technology.

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Investment Overview

Invested this round: $139,219

Deal Terms

Total Commitments

Platform
StartEngine
Start Date
10/31/2022
Close Date
02/28/2023
Min. Goal
$10,000
Max Goal
$1,000,000
Min. Investment

$500

Security Type

Equity - Common

Company Stage

Growth Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$5.00

Pre-Money Valuation

$10,450,000

Company & Team

Company

Year Founded
2019
Industry
Food, Beverage, & Restaurants
Tech Sector
Foodtech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Location
Oak Park, Illinois
Business Type
Life Style
Company Website
Visit Website

Team

Employees
10
Prior Founder Exits?
No
Founder Name
Jacques Shalo
Title
President/CEO

Financials

 Revenue +155% YoY
$1,114,966
 Monthly Burn
$31,824
 Runway
1.3 months
 Gross Margin
51%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$1,114,966

$437,627

COGS

$548,596

$220,336

Tax

$0

$0

 

 

Net Income

$-381,890

$-352,644

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$41,691

$41,777

Accounts Receivable

$35,462

$16,725

Total Assets

$935,217

$617,204

Short-Term Debt

$0

$0

Long-Term Debt

$292,626

$416,847

Total Liabilities

$292,626

$416,847

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$1,150,000
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
02/28/2023 StartEngine $10,450,000 $139,219 Equity - Common Funded RegCF
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Add to portfolio
Kribi Coffee Company on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $10,450,000
Price per Share: $5.00

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Warning: according to the close date for this deal, Kribi Coffee Company may no longer be accepting investments.

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