Kaffi

Neutral
BETA

Icelandic energy coffee

Analytics

Raised to Date: $121,766

Aggregate Commitments $
Platform

Wefunder

Start Date

05/08/2020

Close Date

12/05/2020

Min. Goal

$50,000

Max. Goal

$1,070,000

Min. Investment

$250

Security Type

Convertible Note

Funding Type

RegCF

Series

Series E

Valuation Cap

$4,500,000

Discount Rate

30%

Weekly Commitments $
Status

Active

Reporting Date

10/28/2020

Days Remaining

36

% of Min. Goal

244%

% of Max. Goal

11%

Likelihood of Max
Avg. Daily Raise

$704

# of Investors

122

Momentum
Location

Petaluma, CA

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2B2C

Margin

Low

Capital Intensity

High

Business Type

Life Style

Kaffi, with a $4.5 million valuation cap, is raising funds on Wefunder. The company produces a line of high-protein, incredible tasting, Icelandic energy coffee drinks. Kaffi currently has three SKUs, including Keto Latte, New Orleans, and Iced Mocha, and plans to launch three more plant-based SKUs next year. Kaffi energy drinks taste great, are healthy, and provide energy. Kaffi was founded by Smari Asmundsson in 2011 and has raised more than $5 million since its inception. The proceeds of the current round of crowdfunding, with a minimum raise of $50,000 and a maximum raise of $1,070,000, will be used towards manufacturing run, marketing, and building out the team. Kaffi is led by a seasoned and passionate team and has already won the Sprouts Innovation Program in December 2019 and Kroger Innovation Program in January 2020.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$355,813

$751,809

COGS

$423,260

$519,144

Tax

$2,722

$9,128

 

 

Net Income

$-1,395,291

$-1,100,543

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$274,142

$54,271

Accounts Receivable

$23,461

$25,469

Total Assets

$548,331

$591,729

Short-Term Debt

$112,427

$380,468

Long-Term Debt

$0

$0

Total Liabilities

$112,427

$380,468

Ratings

last updated 10/29/2020

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