Steeped Coffee

Growth Stage

New Standard in Coffee: Specialty Coffee Brewed Like Tea in a Single-Serve Bag

Analytics

Raised to Date: Raised: $5,000,000

Aggregate Commitments $

Platform

Republic

Start Date

06/08/2022

Close Date

08/07/2022

Min. Goal

$1,000,000

Max. Goal

$5,000,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Series A

Valuation Cap

$33,000,000

Discount Rate

0%

Rolling Commitments $

Status

Active

Reporting Date

06/27/2022

Days Remaining

41

% of Min. Goal

500%

% of Max. Goal

100%

Likelihood of Max
exceeded
Avg. Daily Raise

$263,158

Momentum
cold.svg
Create a free account today to gain access to KingsCrowd analytics.
Location

Scotts Valley, California

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

High

Business Type

Growth

Steeped Coffee, with a valuation of $33 million, is raising funds on Republic. The company makes specialty coffee that is brewed like tea in a single-serve bag. The single-serve bags of Steeped Coffee do not require any machine for brewing and come in compostable and sustainable packaging. Steeped Coffee is barista-approved and has partnered with over 400 top coffee brand partners. Josh Wilbur founded Steeped Coffee in April 2017. The current crowdfunding campaign has a minimum target of $1,000,000 and a maximum target of $5,000,000. The campaign proceeds will be used for growth and expansion.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$2,922,061

$2,242,690

COGS

$2,851,959

$2,251,094

Tax

$0

$0

 

 

Net Income

$-2,964,275

$-1,787,767

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$192,267

$654,773

Accounts Receivable

$434,808

$371,088

Total Assets

$1,897,470

$1,926,763

Short-Term Debt

$1,104,377

$962,906

Long-Term Debt

$7,412,131

$4,618,620

Total Liabilities

$8,516,508

$5,581,526

Financials as of: 06/08/2022
Create a free account today to gain access to KingsCrowd analytics.

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$12.42 /month
billed annually
Free portfolio tracking and KingsCrowd's quantitative ratings on all raises.
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings (excluding risk)
Advanced company search ( with ratings)
Markets page filters and historical industry data
Get Edge Annual

Edge Pro

$41.58 /month
billed annually
Full site access including KingsCrowd's qualitative analyst reports.
Plan Includes:
Everything in Edge, plus
Full access to detailed Analyst Reports (e.g. Top Deal, Deal to Watch, Neutral, and Underweight)
Search and filter based on Analyst Reports
In-depth risk ratings for every raise
Get Edge Pro Annual
Already a member? Log in here.

Ratings KingsCrowd Startup Rating Methodology Article

Create your first portfolio

Create your very own investment portfolio on KingsCrowd.

Now you can track all of your startup investments in one place utilizing our state-of-the-art portfolio tracker tools. To begin, create your first portfolio below.

Add to portfolio
Steeped Coffee on Republic 2022
$
Platform: Republic
Security Type: SAFE
Valuation: $33,000,000

Follow company

Follow Steeped Coffee on Republic 2022
View on Republic
Bullish / Bearish
You're Bullish on Steeped Coffee on Republic 2022

Thank you for your vote on Steeped Coffee on Republic 2022

Bullish / Bearish
You're Bearish on Steeped Coffee on Republic 2022

Thank you for your vote on Steeped Coffee on Republic 2022