Hoop Tea

Neutral
BETA

Take A Sip, Enjoy The Trip

Analytics

Raised to Date: $261,913

Aggregate Commitments $
Platform

Wefunder

Start Date

12/30/2019

Close Date

09/15/2020

Min. Goal

$300,001

Max. Goal

$1,069,999

Min. Investment

$1,000

Security Type

Equity - Preferred

Funding Type

RegCF

Series

Pre-Seed

Pre-Money Valuation

$6,500,000

Weekly Commitments $
Status
Funded
Reporting Date

09/27/2020

Days Remaining
Funded
% of Min. Goal

87%

% of Max. Goal

24%

Likelihood of Max
Funded
Avg. Daily Raise

$1,007

# of Investors

132

Momentum
Funded
Location
Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

Low

Business Type

Life Style

Hoop Tea, with a pre-money valuation of $6.5 million, is raising crowdfunding on WeFunder. The company creates tea-based alcoholic beverages for customers focused on clean labels, pure ingredients, and low calories. The products of Hoop Tea are available in various flavors and convenient packagings. Hoop Tea was founded by Danny Robinson in a small brewery in Ocean City, Maryland. The proceeds of the current round of crowdfunding, with a minimum goal of $300,001 and a maximum goal of $1,069,999, will be used to advance funds to the manufacturer Southbound One Inc., to expand the sales and marketing teams, and to purchase quality control equipment. Hoop Tea achieved sales of $1.3 million in a single summer of 2018.

Ratings

last updated 09/27/2020

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