Swelter Coffee Roasters

Swelter Coffee Roasters

Closed: Mar. 2024

About this raise

Swelter Coffee Roasters is raising funds on Honeycomb. It is a coffee brand that delivers high-quality, delicious, and ethically sourced coffee. Swelter Coffee Roasters sources from female producers and shares their stories with the customers to promote gender equity, and creates a minimal environmental impact by delivering its coffee in the best packaging possible. The business has a loyal customer base and has achieved significant revenue growth in the past three years. Stephanie Welter-Krause founded Swelter Coffee Roasters in July 2020. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $30,000. The campaign proceeds will be used for branding, website updates, marketing, and inventory.

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Investment Overview

Invested this round: $30,000

Deal Terms

Total Commitments

Platform
Honeycomb
Start Date
02/19/2024
Close Date
03/15/2024
Min. Goal
$25,000
Max Goal
$30,000
Min. Investment

$100

Security Type

Debt

Payment Schedule

Quarterly

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

12.00%

Term Length

3.0 years

Company & Team

Company

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

Team

Employees
1
Prior Founder Exits?
No
Founder Name
Stephanie Welter Krause
Title
CEO

Financials

 Revenue +35,813% YoY
$31,603
as of FY2022
 Monthly Burn
$160
as of FY2022
 Cash on Hand
$4,800
as of FY2022
 Gross Margin
99%
as of FY2022

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$31,603

$88

COGS

$223

$3

Tax

$0

$0

 

 

Net Income

$-1,918

$85

Summary Balance Sheet

FY 2022 FY 2021

Cash

$4,800

$0

Accounts Receivable

$0

$0

Total Assets

$12,718

$0

Short-Term Debt

$6,046

$0

Long-Term Debt

$-1,855

$0

Total Liabilities

$4,191

$0

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
03/15/2024 Honeycomb - $30,000 Debt Funded RegCF
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Swelter Coffee Roasters on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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