Sip Herbals

Sip Herbals

Closed: Sep. 2023

About this raise

Sip Herbals is raising funds on Honeycomb. The company makes caffeine-free coffee alternatives using natural and organic ingredients. Sip Herbals products are made using dandelion, chicory, and carob and have a rich coffee-like flavor. The products of Sip Herbals are available in a variety of flavors, including Pumpkin Spice, Peppermint Mocha, Signature Roast, and Cinnamon Roll, and are suitable for people looking for healthy alternatives to coffee. Orleatha Smith and Kelly Raulerson founded Sip Herbals in January 2020. The current crowdfunding campaign has a minimum target of $30,000 and a maximum target of $60,000. The campaign proceeds will be used for bulk ingredients, recyclable packaging, and retail marketing.

Expand

Investment Overview

Not Funded: $500

Deal Terms

Total Commitments ($USD)

Platform
Honeycomb
Start Date
08/08/2023
Close Date
09/06/2023
Min. Goal
$30,000
Max Goal
$60,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

11.75%

Term Length

3.0 years

Company & Team

Company

Year Founded
2020
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Location
GRESHAM, Oregon
Business Type
Growth
Company Website
Visit Website

Team

Employees
2
Prior Founder Exits?
No
Founder Name
Orleatha Smith
Founder Name
Kelly Raulerson
Title
COO

Financials

as of Fiscal Year 2022
 Revenue -50% YoY
$103,484
 Cash on Hand
$0
Gross Margin
67%

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$103,484

$205,408

COGS

$34,621

$56,419

Tax

$0

$0

 

 

Net Income

$20,540

$10,366

Summary Balance Sheet

FY 2022 FY 2021

Cash

$-57

$67,608

Accounts Receivable

$0

$0

Total Assets

$-387

$67,267

Short-Term Debt

$34,957

$5,000

Long-Term Debt

$97,439

$100,600

Total Liabilities

$132,396

$105,600

Create a free account today to gain access to Kingscrowd analytics and financials.

Upgrade to gain access

Pay Monthly
Annually (2 months free)

Edge

$12.50 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific Kingscrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.

Ratings Kingscrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars

Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
09/06/2023 Honeycomb - $500 Debt Not Funded RegCF
Create a free account today to gain access to Kingscrowd analytics.
Founders: enhance your startup's credibility on Kingscrowd. Create an account to claim this raise page.
Add to portfolio
Sip Herbals on Honeycomb 2023
Platform: Honeycomb
Security Type: Debt

Follow company

Follow Sip Herbals on Honeycomb 2023

Buy Sip Herbals's Deal Report

Warning: according to the close date for this deal, Sip Herbals may no longer be accepting investments.

Sip Herbals Deal Report

Get Kingscrowd's comprehensive report on Sip Herbals including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether Sip Herbals is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the Sip Herbals deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge