Data / Crowdfunding / California / Steeped, Inc.
Steeped, Inc.: crowdfunding raise on OpenDeal Portal LLC, $50,000 to $5,000,000 (2024)
Steeped, Inc., a corporation in San Francisco, CA, filed a Form C with the SEC on February 27, 2024 to raise $50,000 to $5,000,000 in Crowd SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on April 25, 2024. In its most recent fiscal year it reported $2,828,531 in revenue and a net loss of $4,999,091, with 16 employees.
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- Website
- steepedcoffee.com
- Funding portal
- OpenDeal Portal LLC
- Address
- 548 MARKET STREET SUITE 15763, San Francisco, CA 94104
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- April 5, 2017
- SEC CIK
- 0001921426
Offering terms
From the amendment filed February 27, 2024.
- Security
- Crowd SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $50,000
- Maximum
- $5,000,000
- Deadline
- April 25, 2024
- Portal compensation
- At the conclusion of the Offering, the Issuer shall pay the Intermediary a fee of four percent (4%) of the dollar amount raised in the Offering.
Financials
From the Form C-U filed May 2, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $2,828,531 | $2,922,061 | sec.gov |
| Cost of goods sold | $2,462,362 | $2,851,959 | sec.gov |
| Net income | $-4,999,091 | $-2,964,275 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $5,128,664 | $1,897,470 | sec.gov |
| Cash | $2,266,809 | $192,267 | sec.gov |
| Accounts receivable | $200,853 | $434,808 | sec.gov |
| Short-term debt | $708,586 | $1,104,377 | sec.gov |
| Long-term debt | $16,042,986 | $7,412,131 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 2, 2024 | Progress update | $50,000 | $5,000,000 | April 25, 2024 | The Offering closed successfully on 4/26/2024, having received investment commitments of $1,646,098, although a final accounting has not taken place. | sec.gov |
| February 27, 2024 | Amendment | $50,000 | $5,000,000 | April 25, 2024 | This non-material amendment is filed to update the Directors, Officers, Managers, and Key Persons section | sec.gov |
| February 15, 2024 | Offering | $50,000 | $5,000,000 | April 25, 2024 | sec.gov | |
| May 2, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| July 27, 2022 | Progress update | $1,000,000 | $5,000,000 | August 7, 2022 | The Offering closed successfully on 7/27/2022, having received investment commitments of $4,831,178.00, although a final accounting has not taken place. | sec.gov |
| June 7, 2022 | Offering | $1,000,000 | $5,000,000 | August 7, 2022 | sec.gov |
Updated May 2, 2024. Read from SEC EDGAR. Public domain (U.S. government work). Financials are as each company reported them in its Form C, unaudited unless the filing says otherwise. Websites are the ones the companies declared to the SEC. Free to reuse with credit to SpecStream under CC BY 4.0. Spot a wrong value? Write to [email protected] with the link to this page.