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Waka Raises $725K To Disrupt The Instant Coffee And Tea Categories

Feb 16, 2022•over 3 years ago

Amount Raised

$725,000

Round Type

seed

Los Angeles

Description

Waka Coffee & Tea, the emerging instant coffee and tea company, closed a $725,000 pre-seed round from industry veterans and strategic investors to further accelerate its growth and innovation in the multibillion-dollar categories. With strong sales and customer response to date, the brand is launching three new products as well as refreshed design and packaging. This first round of outside investment will allow Waka to introduce even more new products, build the team, and expand into new sales channels.

Company Information

Company

Waka

Location

Los Angeles, California, United States

About

The company bootstrapped its way to become one of the most recognized newcomers in the instant coffee and instant tea categories and one of the categories' best sellers on Amazon. This first round of outside investment will allow Waka to introduce even more new products, build the team, and expand into new sales channels. "Coming from one of the biggest coffee companies in the world, I believe Waka has all the right ingredients and momentum to become one of the leaders in the instant space. About Waka Coffee & Tea We started Waka to make your day just a bit easier, so you can spend more time on the things you love. Founded in late 2018 by entrepreneur David Kovalevski, Waka is on a mission to revive the instant coffee and tea categories through higher quality products, more eco-friendly packaging, and delicious flavors.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech