Nostalgia Coffee
About this raise
Nostalgia Coffee, with a valuation of $5 million, is raising funds on Wefunder. The company sells high-quality coffee in brew bags. The business has discovered the perfect coffee varietal, origins, processing methods, roast profiles, blend ratios, extraction yield, and brew directions to offer an exceptional coffee experience. Nostalgia Coffee launched its first 5,000 bags in June 2021 and sold out in two hours. Taylor Fields founded Nostalgia Coffee in August 2017. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $500,000. The campaign proceeds will be used for advertising, website and POS development, new hiring, and increased production capacity of brew bags and whole beans.
Investment Overview
Invested : $125,404
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 10/01/2021
- Close Date
- 12/01/2021
$50,000
$500,000
$100
Convertible Note
Pre-Seed
RegCF
$5,000,000
20%
Company & Team
Company
- Year Founded
- 2017
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- Low
Financials
- Revenue -5.1% YoY
- $130,727
- Monthly Burn
- $7,327
-
Runway
- 1.3 months
- Gross Margin
- 18%
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Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 12/01/2021 | Wefunder | $5,000,000 | $125,404 | Convertible Note | Funded | RegCF |