This company is no longer in business. Investors can get details about any potential exits or failures here.
Kaffi
Growth Stage
Icelandic energy coffee
Overview
Raised: $73,900
Total Commitments ($USD)
Platform
Wefunder
Start Date
05/07/2020
Close Date
11/22/2020
Min. Goal
$50,000
Max. Goal
$1,070,000
Min. Investment
$250
Security Type
Convertible Note
Series
Series E
SEC Filing Type
RegCF
Valuation Cap
$4,500,000
Discount
30%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
11/29/2020
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$373
# of Investors
129
Momentum
Funded
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Year Founded
2020
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B2C
Margin
Low
Capital Intensity
High
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 |
Financials as of: 05/07/2020
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