Spinn
About this raise
Spinn is raising funds on Wefunder. The company has developed a connected ecosystem for exceptional specialty coffee. The business aims to elevate the in-home coffee experience with its easy-to-use and sustainable coffee brewing options. Spinn’s coffee maker uses proprietary technology that uses a unique centrifugal brewing process to extract the flavor and aroma of coffee beans and does not create waste. Roderick de Rode founded Spinn in March 2015. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $400,000. The campaign proceeds will be used for inventory financing, customer acquisition, and operations.
Investment Overview
Invested : $1,124,075
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 07/13/2023
- Close Date
- 10/20/2023
$50,000
$1,235,000
$100
SAFE
Growth Stage
RegCF
Uncapped
20%
Company & Team
Company
- Year Founded
- 2015
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Low
- Capital Intensity
- Low
Financials
- Revenue +129% YoY
-
$9,375,178
as of FY2022
- Monthly Burn
-
$745,749
as of FY2022
-
Runway
-
4.7 months
as of FY2022
- Gross Margin
-
22%
as of FY2022
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $44,470,000
- VC Backed?
- Yes
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 10/20/2023 | Wefunder | - | $1,124,075 | SAFE | Funded | RegCF |