Young Mountain Tea
About this raise
Young Mountain Tea, with a valuation of $4.5 million, is raising funds on Wefunder. The company is bridging the gap between tea farmers and tea drinks by sharing ownership of the tea trade with farmers. Young Mountain Tea works with the farmers to help them raise the quality of their tea and creates a transparent supply chain that brings new and sustainable tea to the American market. The business has been featured in Forbes and Food Industry Executive and has secured sales contracts with Fortune 500 companies and a national distributor. Adhiraj Murthy Vable founded Young Mountain Tea in January 2022. The current crowdfunding campaign has a minimum target of $50,002.21 and a maximum target of $374,998.96. The campaign proceeds will be used for inventory, sales and marketing, hiring, and trade show and events budget.
Investment Overview
Invested : $335,106
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 11/22/2024
- Close Date
- 05/01/2025
$50,002
$374,999
$100
Equity - Preferred
Early Stage
RegCF
$2.71
$4,500,000
Company & Team
Company
- Year Founded
- 2022
- Industry
- Farming & Agriculture
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Medium
- Capital Intensity
- Low
Financials
- Revenue -42% YoY
-
$261,404
as of FY2023
- Monthly Burn
-
$3,575
as of Nov '24
-
Cash on Hand
-
$50,284
as of Nov '24
- Gross Margin
-
31%
as of FY2023
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $1,458,266
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 05/01/2025 | Wefunder | $4,500,000 | $335,106 | Equity - Preferred | Funded | RegCF |