Black Momma Tea & Cafe on Wefunder

The Starbucks of the Tea Industry!

Raise to date: $1,070,000

Reporting Date: 12/31/2019

Key Stats

Minimum Raise

$50,001

Maximum Raise

$1,069,995

Likelihood of Max Unlikely
Start Date

09/03/2019

Stop Date

12/09/2019

Days Remaining

Closed

Security Type

Common Stock

Investment Minimum

$500

Deal Type

Deal to Watch


Investment Summary

Status

Confirmed Closed

# of Investors

1,598

% of Minimum Raised

2,140%

% of Maximum Raised

100%

Dollars Per Day to Reach Max

N/A

DPD* Committed

$11,031

DPD* Category

$0

DPD* All Companies

$1,469

Kingscrowd Momentum

$1,070,000

Total Dollars Raised

Commitments

Weekly Commitments ($)
Aggregate Commitments ($)

SEC Filing Data from Kingscrowd

Black Momma Tea & Cafe, with a pre-money valuation of $24.9 million, is raising crowdfunding on WeFunder. The company is the Starbucks of the tea industry and a great purveyor of tea. Black Momma Tea & Cafe serves tea and beverages made with special ingredients. Presently, the company sells its products online but plans to open two tea cafes in New York at East Northport and Wheatley Heights. Black Momma Tea & Cafe was founded by Vanessa Braxton in 2017 and has raised more than $1 million since its founding. The current crowdfunding round has a minimum target of $50,000 and a maximum target of $1,070,000, and the proceeds will be used to set up the brick-and-mortar cafes. Black Momma Tea & Cafe already has 33,000 customers and a total of $2.9 million in sales.

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