Teak Tea
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.
Investment Overview
Invested $282,087 :
Deal Terms
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
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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 |