Octane Coffee

Octane Coffee

Early Stage

We're building the world's first Fully Automated Coffee Drive-Thru!

We're building the world's first Fully Automated Coffee Drive-Thru!

Overview

Raised to Date: Raised: $79,573

Total Commitments ($USD)

Platform

Wefunder

Start Date

12/07/2020

Close Date

02/16/2021

Min. Goal
$55,000
Max. Goal
$100,000
Min. Investment

$100

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$2,500,000

Discount

10%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

02/27/2021

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$1,121

# of Investors

117

Momentum
Funded
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Year Founded

2018

Industry

Food, Beverage, & Restaurants

Tech Sector

Foodtech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Location

Waukesha, Wisconsin

Business Type

Life Style

Octane Coffee, with a valuation cap of $2.5 million, is raising crowdfunding on Wefunder. The company is building a fully-automated drive-through for premium coffee, tea, and juices. The drinks are ordered, prepared, and delivered with the help of software and hardware automation developed in house by Octane Coffee. Adrian Deasy founded Octane Coffee in 2018 and has raised over $260,000 since its inception. The proceeds of the current crowdfunding round, with a minimum target of $55,000 and a maximum target of $100,000, will be used for hardware scale-up needs, marketing, and expanded features for MVP. Octane Coffee will be fully automated and will require only 30 minutes of labor per day to generate a daily profit of over $1,000.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$895

$200

Tax

$0

$0

 

 

Net Income

$-78,107

$-2,200

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$10,000

$50,000

Accounts Receivable

$0

$0

Total Assets

$77,026

$55,950

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 12/07/2020
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Octane Coffee on Wefunder
Platform: Wefunder
Security Type: SAFE
Valuation: $2,500,000

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