Mazevo Coffee
[Closed for Investment] Mazevo Coffee, with a valuation of $20 million, is raising funds on StartEngine. The company is revolutionizing the drive-through coffee experience with a focus on convenience, quality, and community. Mazevo Coffee offers fresh and handcrafted brews and meets the growing demand for high-quality and third-wave coffee even without automated machines. The business has six locations in Montana, with more stores opening soon, and generated $5 million in revenue in 2023. Damion Taylor founded Mazevo Coffee in May 2024. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $1.24 million. The campaign proceeds will be used for debt payoff, new store development, marketing and sales, hiring and team expansion, operations, and technology infrastructure.
Investment Overview
Raised: $356,861
Deal Terms
Total Commitments ($USD)
- Platform
- StartEngine
- Start Date
- 07/19/2024
- Close Date
- 10/16/2024
$15,000
$1,235,000
$500
Equity - Common
Pre-Seed
RegCF
$2.00
$20,000,000
Company & Team
Company
- Year Founded
- 2024
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2C
- Margin
- Medium
- Capital Intensity
- Low
Financials
- Revenue +19% YoY
- $5,361,571
- Monthly Burn
- $390,000
-
Runway
- 0.5 months
- Gross Margin
- 51%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $0
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 10/16/2024 | StartEngine | $20,000,000 | $356,861 | Equity - Common | Funded | RegCF |