Revival Tea
About this raise
Revival Tea, with a valuation of $10 million, is raising funds on Wefunder. The tea company sells a wide variety of teas across the country. Revival Tea makes its own teas and also works with co-manufacturing partners to help the company scale and focus on other revenue streams. The business sells its products through its three brick-and-mortar locations and online and has a revenue run rate of $1.33 million in the trailing twelve months. Drew Henry founded Revival Tea in February 2018. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $500,000. The campaign proceeds will be used for inventory, digital advertising, and R&D of new products.
Investment Overview
Invested : $589,221
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 06/06/2024
- Close Date
- 05/01/2025
$50,000
$1,200,000
$250
Equity - Preferred
Growth Stage
RegCF
$1.50
$9,027,164
$10,030,182
Company & Team
Company
- Year Founded
- 2024
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- High
- Capital Intensity
- High
Financials
- Revenue +91% YoY
-
$1,114,794
as of FY2023
- Monthly Burn
-
$23,000
as of FY2023
-
Runway
-
7 months
as of
- Gross Margin
-
67%
as of FY2023
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $325,000
- VC Backed?
- Yes
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 05/01/2025 | Wefunder | $10,030,182 | $589,221 | Equity - Preferred | Funded | RegCF |