Hoop Tea on Wefunder

Take A Sip, Enjoy The Trip

Raise to date: $206,770

Reporting Date: 04/05/2020

Key Stats

Minimum Raise

$300,001

Maximum Raise

$1,069,999

Likelihood of Max Unlikely
Start Date

12/30/2019

Stop Date

05/22/2020

Days Remaining

45

Security Type

Preferred Stock

Investment Minimum

$1,000

Deal Type

No Review


Investment Summary

Status

Active

# of Investors

99

% of Minimum Raised

69%

% of Maximum Raised

19%

Dollars Per Day to Reach Max

$19,183

DPD* Committed

$2,132

DPD* Category

$0

DPD* All Companies

$917

Kingscrowd Momentum

$206,770

Total Dollars Raised

Commitments

Weekly Commitments ($)
Aggregate Commitments ($)

SEC Filing Data from Kingscrowd

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.

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