Purity Coffee

Purity Coffee

Growth Stage

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Overview

Raised this Round: Raised: $633,948

Total Commitments ($USD)

Platform

StartEngine

Start Date

08/27/2024

Close Date

11/25/2024

Min. Goal
$14,994
Max. Goal
$1,235,000
Min. Investment

$497

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$6.14

Pre-Money Valuation

$77,483,116

Year Founded

2016

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Location

Greenville, South Carolina

Business Type

Growth

Purity Coffee, with a valuation of $77.48 million, is raising funds on StartEngine. It is a leading health-focused coffee brand backed by science and sustainable practices. Purity Coffee’s handpicked organic coffee undergoes a specialized roasting process to optimize its health benefits and is tested for contaminants, heavy metals, mold, and mycotoxins to ensure high quality. The business has generated over $50 million in lifetime sales and has achieved an average CAGR of 98% for the past seven years. Andrew Salisbury and Jon Butcher founded Purity Coffee in March 2016. The current crowdfunding campaign has a minimum target of $14,993.88 and a maximum target of $1.23 million. The campaign proceeds will be used for inventory, sales and marketing, and working capital.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$17,003,319

$10,413,362

COGS

$10,378,975

$6,036,742

Tax

$0

$0

 

 

Net Income

$717,380

$83,868

Summary Balance Sheet

FY 2023 FY 2022

Cash

$161,508

$188,462

Accounts Receivable

$2,937

$4,170

Total Assets

$1,784,097

$1,037,850

Short-Term Debt

$2,655,408

$1,788,480

Long-Term Debt

$971,870

$1,810,641

Total Liabilities

$3,627,278

$3,599,121

Financials as of: 08/27/2024
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Raise History

Offering Name Close Date Platform Valuation Total Raised Security Type Status Reg Type
Purity Coffee 11/25/2024 StartEngine $77,483,116 $633,948 Equity - Common Active RegCF

No prior online funding rounds.

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Add to portfolio
Purity Coffee on StartEngine 2024
Platform: StartEngine
Security Type: Equity - Common
Valuation: $77,483,116
Price per Share: $6.14

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