Red Hat Coffee
About this raise: Red Hat Coffee, with a valuation cap of $5 million, is raising crowdfunding on Wefunder. The company makes and sells canned oat-milk lattes, cobranded with Oatly. The coffee of Red Hat Coffee is gluten-free, low on calories, low on sugar, dairy-free, and made of all-natural ingredients. James Darenkamp and Ryan King founded Red Hat Coffee in 2016. The proceeds of the current crowdfunding round, with a minimum target of $100,000 and a maximum target of $500,000, will be used towards COGS, sales reps, and marketing. Red Hat Coffee reported revenue of $800,000 in 2020 and expects to generate between $1.3 million and $2.6 million in 2021.
Investment Overview
Invested : $104,613
Deal Terms
Total Commitments ($USD)
- Platform
- Wefunder
- Start Date
- 03/29/2021
- Close Date
- 12/31/2021
$100,000
$500,000
$100
SAFE
Series A
RegCF
$4,000,000
$5,000,000
20%
Company & Team
Company
- Year Founded
- 2016
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2C
- Margin
- Medium
- Capital Intensity
- Low
Financials
- Revenue -8% YoY
- $205,000
- Monthly Burn
- $10,191
-
Runway
- 0.2 months
- Gross Margin
- 56%
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Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 12/31/2021 | Wefunder | $5,000,000 | $104,613 | SAFE | Funded | RegCF |