Teeccino
Growth Stage
The #1 best-selling and most-loved coffee alternative
Overview
Raised: $0
Total Commitments ($USD)
Platform
Wefunder
Start Date
12/27/2022
Close Date
04/30/2023
Min. Goal
$250,002
Max. Goal
$4,999,999
Min. Investment
$250
Security Type
Equity - Preferred
Series
Seed
Funding Type
RegCF
Price Per Share
$4.63
Pre-Money Valuation
$59,992,915
Rolling Commitments ($USD)
Status
Active
Reporting Date
02/02/2023
Days Remaining
87
% of Min. Goal
0%
% of Max. Goal
0%
Likelihood of Max
Avg. Daily Raise
$0
Momentum
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Location
Oxnard, California
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Teeccino, with a valuation of $59.9 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
| Most Recent Year | Prior Year | |
|---|---|---|
|
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
| Most Recent Year | Prior Year | |
|---|---|---|
|
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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Ratings 
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Analyst Report
Pending Review