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Steeped Coffee

Operating

Steeped, Inc.

Food · Scotts Valley, CA · Founded 2017

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New standard in coffee: specialty brewed like tea in a single-serve bag

Valuation cap ⓘ
$38.0M
As of Apr 2024 · from Reg CF Offering (2024) · a SAFE/note conversion ceiling, not a priced valuation
Total raised
$6,477,276
Across 2 rounds since 2022

Financials

FY2020–FY2022 · from SEC filings · hover any figure for its source
$2.2M
−$1.8M
2020
$2.9M
−$3.0M
2021
$2.8M
−$5.1M
2022
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2020
FY2021
FY2022
Income statement
Revenue
$2,242,690
$2,922,061
$2,828,531
Cost of goods sold
$2,251,094
$2,535,814
$2,677,215
Gross margin
0%
13%
5%
Net income
-$1,787,767
-$2,964,275
-$5,107,423
Taxes paid
$0
$0
$0
Balance sheet
Cash
$654,773
$192,267
$2,266,809
Accounts receivable
$371,088
$434,808
$136,527
Total assets
$1,926,763
$1,897,470
$4,861,468
Short-term debt
$962,906
$1,104,377
$395,057
Long-term debt
$4,618,620
$7,412,131
$16,192,870
Total liabilities
$5,581,526
$8,516,508
$16,587,927
Other
Headcount
—
32
27

Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited; no pill means the filing didn’t state one. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Post-money = pre-money + amount raised · caps marked
$33.0M
Valuation cap
$38.0M
Valuation cap
Steeped Coffee Crowd SAFE 1
Reg CF Offering (2024)

A dashed amber step is a SAFE/note valuation cap — a conversion ceiling agreed for that instrument, not a priced valuation of the company. Steps are not comparable across bases.

Fundraising history

Reg CF Offering (2024)ClosedReg CF · SAFE · via Republic
Raised $1.6M / $5MInvestors 1,544Valuation cap $38M
Steeped Coffee Crowd SAFE 1ClosedReg CF · SAFE · via Republic
Raised $4.8M / $5MInvestors 4,800Valuation cap $33M

Team

1 person
Josh Wilbur
Chief Executive Officer

Names and titles as disclosed on SEC Form C. Bios and photos come from the platform campaign page and may be out of date.

Reg CF annual-report compliance

Delinquent

Filed 1 of 4 annual reports (FY2022–FY2025)

Missing: 2023, 2024, 2025

4,800 investors
holder-count proxy

Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.

SEC filings

  • Form C-UMay 2, 20240002008595-24-000004
    EDGAR
  • Form C/AFeb 27, 20240001921426-24-000004
    EDGAR
  • Form CFeb 15, 20240001921426-24-000002
    EDGAR
  • Form C-ARMay 2, 20230001858421-23-000001
    EDGAR
  • Form C-UJul 27, 20220001921426-22-000003
    EDGAR
  • Form DJun 10, 20220001921426-22-000002
    EDGAR
  • Form CJun 7, 20220001921426-22-000001
    EDGAR
Source: ManualCIK 0001921426DE

About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.