YATE Yerba Mate
About this raise
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.
Investment Overview
Invested : $64,350
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 10/10/2024
- Close Date
- 04/01/2025
$50,000
$124,000
$100
SAFE
Early Stage
RegCF
$2,970,000
$3,300,000
0%
Company & Team
Company
- Year Founded
- 2022
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2B2C
- Margin
- Low
- Capital Intensity
- Low
Financials
- Revenue +789% YoY
-
$40,394
as of FY2023
- Monthly Burn
-
$6,000
as of Sep '24
-
Runway
-
0.5 months
as of Sep '24
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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 |
|---|---|---|---|---|---|---|
| 04/01/2025 | Wefunder | $3,300,000 | $64,350 | SAFE | Funded | RegCF |