Teak Tea

Teak Tea

Closed: Oct. 2019

About this raise

Teak Tea, a producer of superior quality teak teas with a pre-money valuation of $2 million, is raising funds on WeFunder. The company owns a 22-year old tea plantation in Costa Rica and uses the finest leaves to produce superior blends. Teak Tea has already produced initial packaging and samples and has almost created its e-commerce website. Teak Tea was founded by Klaus Moeller in 2019. The current round of crowdfunding has a minimum target of $50,000 and a maximum target of $1,000,000, and the proceeds will be used for buying teak trees, greenhouses, growing new trees, salaries, marketing, and product development. The team behind Teak Tea is highly experienced in founding new businesses and making them successful. The company holds strong potential in the global tea market with an emphasis on online and retail sales in specialty and mass retail.

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Investment Overview

Invested this round: $282,087

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
07/26/2019
Close Date
10/31/2019
Min. Goal
$50,000
Max Goal
$1,000,000
Min. Investment

$1,000

Security Type

Equity - Common

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.00

Pre-Money Valuation

$2,000,000

Company & Team

Company

Year Founded
2019
Industry
Food, Beverage, & Restaurants
Tech Sector
Location
Marina Del Rey, California
Company Website
Visit Website

Team

Employees
1

Financials

Financials are not currently available for this company. This may occur if the company is still Testing the Waters, is a Regulation D offering, or if the financials are still under review and being confirmed by our team. For Reg CF and Reg A+ raises, please check back later.

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
10/31/2019 Wefunder $2,000,000 $282,087 Equity - Common Funded RegCF
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Teak Tea
Platform: Wefunder
Security Type: Equity - Common
Valuation: $2,000,000
Price per Share: $1.00

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

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