Fundraising Update

Photo by Suzy Hazelwood from Pexels

After a flurry of initial investments into this project, things have slowed down quite a bit with the number of pitches I’m doing and the number of successful closes of definite investors. Every startup founder talks about the long, slow grind of fundraising, and I’m no exception! 

As of last week, we have officially received equity investments totaling 50% of our overall funding goal! It’s an exciting milestone, and I’m really hoping we can close the rest of the gap in the next couple of months. We have access to some equipment financing, and we’re also planning a small crowdfunding campaign after construction starts at our location (still on the hunt for that space), but the more cash funding we can secure now, the better position we’ll be in when we launch.

I’m getting more and more comfortable with casting a clear vision of Opo Coffee. Nothing fundamental has changed with the concept, but the launch team has brainstormed a lot about our products and services, and the details are really starting to be fleshed out. I’ll probably blog more later about the fun, unique aspects of the company and the way we’ll be serving the community.

As the whole process moves forward, I am encouraged by the number of investors and potential investors that have expressed their trust in me and my track record of how I’ve grown Taproom Coffee. I’m humbled whenever someone says that they’d love to be in for the long-haul because they know that whatever we end up doing will be successful and life-giving!