Octane Coffee
Early Stage
We're building the world's first Fully Automated Coffee Drive-Thru!
Overview
Raised: $79,573
Total Commitments ($USD)
Platform
Wefunder
Start Date
12/07/2020
Close Date
02/17/2021
Min. Goal
$55,000
Max. Goal
$100,000
Min. Investment
$100
Security Type
SAFE
Series
Pre-Seed
SEC Filing Type
RegCF
Valuation Cap
$2,500,000
Discount
10%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
02/27/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,121
# of Investors
117
Momentum
Funded
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Year Founded
2018
Industry
Food, Beverage, & Restaurants
Tech Sector
Foodtech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Octane Coffee, with a valuation cap of $2.5 million, is raising crowdfunding on Wefunder. The company is building a fully-automated drive-through for premium coffee, tea, and juices. The drinks are ordered, prepared, and delivered with the help of software and hardware automation developed in house by Octane Coffee. Adrian Deasy founded Octane Coffee in 2018 and has raised over $260,000 since its inception. The proceeds of the current crowdfunding round, with a minimum target of $55,000 and a maximum target of $100,000, will be used for hardware scale-up needs, marketing, and expanded features for MVP. Octane Coffee will be fully automated and will require only 30 minutes of labor per day to generate a daily profit of over $1,000.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$895 |
$200 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-78,107 |
$-2,200 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$10,000 |
$50,000 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$77,026 |
$55,950 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 12/07/2020
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