Riff

Early Stage

Coffee’s contributing to the climate crisis. We have a win-win-win solution.

Analytics

Raised to Date: Raised: $367,749

Aggregate Commitments $

Platform

Wefunder

Start Date

01/14/2022

Close Date

04/30/2023

Min. Goal

$50,001

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

Equity - Preferred

Funding Type

RegCF

Series

Seed

Price Per Share

$0.68

Pre-Money Valuation

$11,075,564

Rolling Commitments $

Status

Active

Reporting Date

06/25/2022

Days Remaining

309

% of Min. Goal

735%

% of Max. Goal

34%

Likelihood of Max
likely
Avg. Daily Raise

$2,270

Momentum
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Location

Redmond, Oregon

Industry

Food, Beverage, & Restaurants

Tech Sector

Foodtech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Business Type

Life Style

Riff, with a valuation of $11.1 million, is raising funds on Wefunder. It is a purpose-driven coffee brand with the mission to reverse climate change caused by coffee fruit waste (cascara). The company aims to upcycle cascara into food and beverage products and save it from wreaking havoc on the environment. Riff’s energy drink is environment-friendly, tasty, all-natural, and ethically sourced. Paul Evers, Nate Armburst, Kevin Smyth, and Bobby Evers founded Riff in May 2017. The current crowdfunding campaign has a minimum target of $50,0001 and a maximum target of $1,070,000. The campaign proceeds will be used for marketing, cost of goods sold, customer acquisition costs, e-commerce fees, and other expenses.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$414,316

$699,358

COGS

$346,397

$539,807

Tax

$0

$0

 

 

Net Income

$-1,213,637

$-1,357,007

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$75,847

$139,072

Accounts Receivable

$8,770

$9,143

Total Assets

$599,732

$667,457

Short-Term Debt

$781,074

$537,391

Long-Term Debt

$513,848

$261,620

Total Liabilities

$1,294,922

$799,011

Financials as of: 01/14/2022
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Riff on Wefunder 2022
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Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $11,075,564

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