The Random Tea Room
About this raise: The Random Tea Room is raising funds on Honeycomb. It is a tea shop in Philadelphia, Pennsylvania that sells an array of teas and herbal remedies. The Random Tea Room sources its teas from around the world and offers tea blends, healing herbal infusions, and an enriching experience. The business has been in Philadelphia for over sixteen years and has been featured in The Philadelphia Inquirer, Eater Philly, and CNN Travel. Rebecca Goldschmidt founded The Random Tea Room in March 2011. The current crowdfunding campaign has a minimum target of $20,000 and a maximum target of $65,000. The campaign proceeds will be used for renovations to the existing location, setting up a water filtration system, and working capital.
Investment Overview
Invested : $34,272
Deal Terms
Total Commitments ($USD)
- Platform
- Honeycomb
- Start Date
- 05/09/2024
- Close Date
- 06/28/2024
$20,000
$65,000
$100
Debt
Pre-Seed
RegCF
12.50%
3.0 years
Company & Team
Company
- Year Founded
- 2011
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- Low
Financials
- Revenue -25.9% YoY
- $87,216
- Monthly Burn
- $428
- Cash on Hand
- $0
- Gross Margin
- 84%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $0
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 06/28/2024 | Honeycomb | - | $34,272 | Debt | Funded | RegCF |