Owl Spoon Water Kefir Co

Owl Spoon Water Kefir Co

Open  for investment

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.

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Investment Overview

Committed this round: $73,084

Deal Terms

Total Commitments ($USD)

Platform
Honeycomb
Start Date
01/24/2025
Close Date
02/22/2025
Min. Goal
$35,000
Max Goal
$75,000
Min. Investment

$100

Security Type

Debt

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

11.00%

Term Length

3.0 years

Company & Team

Company

Year Founded
2019
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
Location
Midlothian, Virginia
Business Type
Life Style
Company Website
Visit Website

Team

Employees
6
Prior Founder Exits?
No
Founder Name
Jay McGee
Title
CEO
Founder Name
Kellie Hughes Jordan
Title
Managing Partner and COO

Financials

as of Fiscal Year 2023
 Revenue +85% YoY
$243,788
 Monthly Burn
Profitable
 Cash on Hand
$7,750
Gross Margin
81%

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$243,788

$131,518

COGS

$46,125

$16,988

Tax

$0

$0

 

 

Net Income

$4,424

$23,897

Summary Balance Sheet

FY 2023 FY 2022

Cash

$7,750

$-1,131

Accounts Receivable

$0

$0

Total Assets

$7,863

$-1,131

Short-Term Debt

$62,780

$18,690

Long-Term Debt

$48,260

$0

Total Liabilities

$111,040

$18,690

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Offering Name Close Date Platform Valuation Total Raised Security Type Status Reg Type
Owl Spoon Water Kefir Co 02/22/2025 Honeycomb - $73,084 Debt Active RegCF
Owl Spoon Water Kefir 12/24/2023 Honeycomb - $33,634 Debt Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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Owl Spoon Water Kefir Co on Honeycomb 2025
Platform: Honeycomb
Security Type: Debt

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