Overview

Raised to Date: Raised: $394,244

Deal Terms

Investment Momentum

Company Profile

Deal Summary

Financials

Total Commitments ($USD)

Platform

Wefunder

Start Date

12/27/2022

Close Date

04/29/2024

Min. Goal

$250,002

Max. Goal

$1,234,999

Min. Investment

$250

Security Type

Equity - Preferred

Series

Seed

SEC Filing Type

RegCF    

Price Per Share

$4.63

Early Bird Valuation

$33,948,000

Pre-Money Valuation

$40,000,000

Rolling Commitments ($USD)

Status

Active

Reporting Date

10/02/2023

Days Remaining

210

% of Min. Goal

158%

% of Max. Goal

32%

Likelihood of Max

Avg. Daily Raise

$1,413

# of Investors

291

Momentum

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Teeccino

Year Founded

1994

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Location

Oxnard, California

Business Type

Growth

Company Website

Teeccino, with a valuation of $40 million, is raising funds on Wefunder. The company makes healthy alternatives to coffee that are caffeine-free. The products of Teeccino are delicious and taste, brew, and feel like coffee without the side effects of coffee. Teeccino has trailing twelve months revenue of $13 million and has sold ten million packages. Caroline MacDougall founded Teeccino in June 1994. The current crowdfunding campaign has a minimum target of $250,001 and a maximum target of $4.99 million. The campaign proceeds will be used for marketing, inventory, new product development, global expansion, admin and legal expenses, and working capital.

Summary Profit and Loss Statement

	FY 2021	FY 2020
Revenue	$11,360,692	$9,256,498
COGS	$4,510,398	$3,676,089
Tax	$5,887	$1,757
Net Income	$197,253	$467,055

Summary Balance Sheet

	FY 2021	FY 2020
Cash	$112,526	$98,124
Accounts Receivable	$424,767	$672,274
Total Assets	$3,838,739	$2,721,611
Short-Term Debt	$1,134,724	$570,058
Long-Term Debt	$2,783,738	$2,678,529
Total Liabilities	$3,918,462	$3,248,587

Financials as of: 12/27/2022

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I am addicted to coffee. There is nothing better than waking up in the morning and starting the day with a fresh cup of joe. 

In moderation, studies have found that coffee is actually healthy. 

But here’s the issue. I also crave coffee at night. But in service to my circadian rhythm, I choose not to indulge. Decaf tends to taste acidic. And I’m not the biggest fan of decaf tea. I have yet to find a coffee alternative that satisfies my late night cravings. 

Until now. 

Teeccino is an alternative coffee company that uses a blend of organic herbs made to brew and taste like coffee. Teeccino’s products are caffeine-free and come in more than 40 different flavors. No other coffee alternative can be brewed in a coffee pot. 

And the company is on an absolute tear. 

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