Owl Spoon Water Kefir (2023)

About this raise

Owl Spoon Water Kefir 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 achieved $200,000 in revenue in 2023 and expects to double its revenue in the next two years. Owl Spoon Water Kefir is also focused on sustainability and has a successful bottle return program that has helped them reuse over 25,000 glass bottles. Jay McGee and Kellie Hughes Jordan founded Owl Spoon Water Kefir in November 2019. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $50,000. The campaign proceeds will be used for canning runs, additional water kefir culture, electrical upgrades, purchasing a new brewing vessel, and working capital.

Investment Overview

Invested this round: $33,634

Deal Terms
Company & Team

Total Commitments

Platform: Honeycomb
Start Date: 11/27/2023
Close Date: 12/24/2023

Min. Goal
$25,000

Max Goal
$50,000

Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF

Interest Rate

12.25%

Term Length

3.0 years

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: Growth
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 2022

Revenue: $131,518
Monthly Burn: $1,991
Runway: 0 months
Gross Margin: 87%

View Detailed Financials

Summary Profit and Loss Statement

	FY 2022	FY 2021
Revenue	$131,518	$0
COGS	$16,988	$0
Tax	$0	$0


Net Income	$-23,897	$0

Summary Balance Sheet

	FY 2022	FY 2021
Cash	$-1,131	$0
Accounts Receivable	$0	$0
Total Assets	$-1,131	$0
Short-Term Debt	$18,690	$0
Long-Term Debt	$0	$0
Total Liabilities	$18,690	$0

Create a free account today to gain access to Kingscrowd analytics and financials.

Pay Monthly

Annually (2 months free)

: $12.50 /month
billed annually; Free portfolio tracking, data-driven ratings, AI analysis and reports; Plan Includes:; Everything in Free, plus; Company specific Kingscrowd ratings and analyst reports; Deal explorer and side-by-side comparison; Startup exit and failure tracking; Startup market filters and historical industry data; Advanced company search ( with ratings); Get Edge Annual Get Edge Monthly

Already a member? Log in here.

Ratings

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	-	$75,034	Debt	Funded	RegCF
Owl Spoon Water Kefir	12/24/2023	Honeycomb	-	$33,634	Debt	Funded	RegCF

Create a free account today to gain access to Kingscrowd analytics.

Revenue
Employees

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

Founders: enhance your startup's credibility on Kingscrowd. Create an account to claim this raise page.

View on Honeycomb

Debt, $100 min. • Closed

0 Following

Add to Portfolio

0 Invested

Deal Considerations

1
Key Challenges
- Try Edge free for 7 days
Other Risks
- No other risks found

Owl Spoon Water Kefir (2023)

Owl Spoon Water Kefir (2023)

About this raise