Teeccino
About this raise
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.
Investment Overview
Invested : $595,488
Deal Terms
Total Commitments ($USD)
- Platform
- Wefunder
- Start Date
- 12/27/2022
- Close Date
- 04/26/2024
$250,002
$1,234,999
$250
Equity - Preferred
Seed
RegCF
$4.63
$33,948,000
$40,000,000
Company & Team
Company
- Year Founded
- 1994
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2C
- Margin
- High
- Capital Intensity
- Low
Financials
- Revenue +23% YoY
- $11,360,692
- Monthly Burn
- Profitable
- Cash on Hand
- $112,526
- Gross Margin
- 60%
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Analyst Report
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.
Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $700,000
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 04/26/2024 | Wefunder | $40,000,000 | $595,488 | Equity - Preferred | Funded | RegCF |