Red Hat Coffee

Early Stage

Canned Oat Milk Lattes Co-Branded With Oatly

Analytics

Raised to Date: Raised: $104,613

Aggregate Commitments $

Platform

Wefunder

Start Date

03/29/2021

Close Date

12/31/2021

Min. Goal

$100,000

Max. Goal

$500,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Series A

Valuation Cap

$5,000,000

Discount Rate

20%

Rolling Commitments $

Status
Funded
Reporting Date

01/02/2022

Days Remaining
Funded
% of Min. Goal

105%

% of Max. Goal

21%

Likelihood of Max
Funded
Avg. Daily Raise

$378

# of Investors

66

Momentum
Funded
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Location

Austin, Texas

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Business Type

Growth

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.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$223,219

$95,515

COGS

$97,772

$32,660

Tax

$800

$800

 

 

Net Income

$-122,293

$-37,360

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$2,178

$55,501

Accounts Receivable

$7,567

$11,951

Total Assets

$454,380

$312,535

Short-Term Debt

$173,514

$84,680

Long-Term Debt

$495,319

$320,015

Total Liabilities

$668,833

$404,695

Financials as of: 03/29/2021
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Red Hat Coffee on Wefunder
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Platform: Wefunder
Security Type: SAFE
Valuation: $5,000,000

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