About this raise
Owl Spoon Water Kefir Co is raising funds on Honeycomb. The business crafts and sells fermented water kefir in Richmond, Virginia. Owl Spoon Water Kefir makes high-quality fermented beverages and caters to health-conscious customers through its unique and flavorful products. The business has sold 28,000 cans and 17,000 growlers in 2024 in Richmond alone and won Best New Product at the 2024 Virginia Food & Beverage Expo. Owl Spoon Water Kefir is also focused on sustainability and has a successful bottle return program and reuses over 10,000 glass bottles per year. Jay McGee founded Owl Spoon Water Kefir in November 2019. The current crowdfunding campaign has a minimum target of $35,000 and a maximum target of $75,000. The campaign proceeds will be used for purchasing brite tanks, a chiller, a fridge, tank accessories, a bottle filler, and a water filler, canning, electrical work, and operational costs.
Investment Overview
Committed $73,084 :
Deal Terms
Company & Team
Company
- Year Founded
- 2019
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- High
Financials
- Revenue +85% YoY
- $243,788
- Monthly Burn
- Profitable
- Cash on Hand
- $7,750
- Gross Margin
- 81%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $0
- VC Backed?
- No