Coffee Shift
Early Stage
Shifting the balance of power back to coffee growers using Blockchain technology
Overview
Raised: $9,000
Total Commitments ($USD)
Platform
Wefunder
Start Date
03/14/2021
Close Date
07/30/2021
Min. Goal
$50,000
Max. Goal
$250,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Early Bird Val. Cap
$3,000,000
Valuation Cap
$4,000,000
Discount
30%
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
07/31/2021
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$66
# of Investors
22
Momentum
Not Funded
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Year Founded
2018
Industry
Farming & Agriculture
Tech Sector
AgriTech
Distribution Model
B2B
Margin
Medium
Capital Intensity
High
Coffee Shift, with a valuation cap of $4 million, is raising crowdfunding on Wefunder. The company is bringing the power back from corporations to coffee growers through a blockchain system. The platform connects over 300 Colombian coffee growers to coffee lovers. Tyler Pinckard founded Coffee Shift in 2018. The proceeds of the current crowdfunding campaign, with a minimum raise of $50,000 and a maximum raise of $250,000, will target marketing, hiring, blockchain development, and the establishment of a warehouse. Coffee Shift is led by a FinTech expert and blockchain architect. The company reported a 34% year-over-year growth in 2020 from its e-commerce revenue.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$7,467 |
$3,238 |
|
COGS |
$3,324 |
$1,474 |
|
Tax |
$1,500 |
$250 |
| ||
| ||
|
Net Income |
$-5,058 |
$-10,132 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$1,814 |
$927 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$17,342 |
$13,281 |
|
Short-Term Debt |
$2,155 |
$2,135 |
|
Long-Term Debt |
$15,000 |
$15,000 |
|
Total Liabilities |
$17,155 |
$17,135 |
Financials as of: 03/14/2021
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