Overview

Raised to Date: Raised: $89,701

Deal Terms

Investment Momentum

Company Profile

Deal Summary

Financials

Total Commitments ($USD)

Platform

Republic

Start Date

08/22/2021

Close Date

04/30/2022

Min. Goal

$25,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF    

Valuation Cap

$6,000,000

Discount

20%

Rolling Commitments ($USD)

Status

Funded

Reporting Date

04/30/2022

Days Remaining

Funded

% of Min. Goal

Funded

% of Max. Goal

Funded

Likelihood of Max

Funded

Avg. Daily Raise

$359

# of Investors

146

Momentum

Funded

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Waku

Year Founded

2017

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Location

Somerville, Massachusetts

Business Type

Growth

Company Website

Waku, with a valuation of $6 million, is raising funds on Republic. The business makes delicious herbal tea to maximize gut health. The herbal teas are gluten-free, keto-friendly, non-GMO, vegan, all-natural, and draw on centuries of Ecuadorian knowledge. Waku acquired more than 3,500 new customers in the last twelve months and reported a 360% growth compared to 2020. The revenue is expected to reach over $650,000 by the end of 2021. Nico Estrella and Juan Giraldo founded Waku in September 2017. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1,070,000. The campaign proceeds will be used for launching new and improved products, refreshing the brand, and launching with national brands.

Summary Profit and Loss Statement

	Most Recent Year	Prior Year
Revenue	$143,751	$113,419
COGS	$120,971	$87,718
Tax	$0	$0
Net Income	$-469,530	$-356,280

Summary Balance Sheet

	Most Recent Year	Prior Year
Cash	$8,405	$40,557
Accounts Receivable	$3,860	$5,459
Total Assets	$241,332	$199,840
Short-Term Debt	$62,482	$58,856
Long-Term Debt	$975,114	$522,719
Total Liabilities	$1,037,596	$581,575

Financials as of: 08/22/2021

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Waku Founder Juan Giraldo on Bringing Ecuadorian Flavors to the World

Digestive issues are a common problem. Symptoms can be painful and interfere with daily activities, especially when they occur frequently. Fortunately, science has revealed simple ways to alleviate and even potentially improve digestive health. 

Waku is a natural herbal tea brand designed to refresh the palate and revitalize the digestive system. Using Ecuadorian recipes and ethically sourced Ecuadorian ingredients, these beverages are low in both calories and sugar. We reached out to co-founder and CEO Juan Giraldo to hear the story behind the company and the challenges he has faced as a founder.

Note: This interview was conducted over phone and email. It has been lightly edited for clarity and length.

Read Founder Interview