Teeccino

Growth Stage

The #1 best-selling and most-loved coffee alternative

Overview

Raised to Date: 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
unlikely
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

Business Type

Growth

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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Teeccino on Wefunder 2022
$
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $59,992,915

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