YATE Yerba Mate

YATE Yerba Mate

YATE Yerba Mate, with a valuation of $3.3 million, is raising funds on Wefunder. The company makes sparkling plant-based energy drink using 100% organic yerba mate. YATE Yerba Mate products do not contain any caffeine or artificial flavours and are made with mixologist-crafted flavours and the health benefits of tea, coffee, and chocolate. The company has a vast network of music industry and musician partnerships and has three distributors, 25 on-premise accounts, and 150 off-premise accounts. Eric Hoang, Michael Ferrari, and Galen Perry founded YATE Yerba Mate in March 2022. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $124,000. The campaign proceeds will be used for production, trade marketing, brand marketing, and operating expenses.

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Investment Overview

Raised this Round: Raised: $64,550

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
10/10/2024
Close Date
03/31/2025
Min. Goal
$50,000
Max. Goal
$124,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$2,970,000

Valuation Cap

$3,300,000

Discount

0%

Company & Team

Company

Year Founded
2022
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B2C
Margin
Low
Capital Intensity
Low
Location
Fountain Valley, California
Business Type
Life Style
Company Website
Visit Website

Team

Employees
3
Prior Founder Exits?
No
Founder Name
Eric Hoang
Title
President
Founder Name
Michael Ferrari
Title
Secretary
Founder Name
Galen Perry
Title
Treasurer

Financials

as of August 31, 2024
 Revenue +789% YoY
$40,394
 Monthly Burn
$6,000
 Runway
0.5 months

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$40,394

$4,545

COGS

$76,443

$5,847

Tax

$0

$0

 

 

Net Income

$-199,018

$-74,711

Summary Balance Sheet

FY 2023 FY 2022

Cash

$28,529

$86,152

Accounts Receivable

$1,871

$0

Total Assets

$84,743

$153,858

Short-Term Debt

$52

$149

Long-Term Debt

$0

$0

Total Liabilities

$52

$149

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$310,000
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
03/31/2025 Wefunder $3,300,000 $64,550 SAFE Active RegCF
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YATE Yerba Mate on Wefunder 2024
Platform: Wefunder
Security Type: SAFE
Valuation: $3,300,000

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