Republic Republic Republic
  • Log in
Open account
Oops! We couldn’t find any results...
Can’t find a deal? Try advanced search.
Is something missing? Add your suggestion here.
Primary market Live deals Trading Buy and sell Republic Note Own a piece of Republic's upside
Republic Ventures Opportunities for accredited investors
Republic Capital Multi-stage venture firm
Wallet Manage your digital assets Mobile app Available on iOS or Android Learning center Explore investor resources FAQ Get your questions answered
Capital fundraising Raise on Republic Tokenized assets Design, launch, manage tokenized assets Sharedrops Gift equity as a reward Founder Academy A complete guide to raising funds
Advisory Access veteran web3 advisors Infrastructure Stake your digital assets Tokenization Deploy your assets on-chain
Republic Capital In-house Venture Capital fund Broker dealer Regulated capital services
Republic Republic Republic
Oops! We couldn’t find any results...
Can’t find a deal? Try advanced search.
Is something missing? Add your suggestion here.
  • US

  • Log in
  • Open account
All investors
Primary market Live deals Trading Buy and sell
Republic Note Own a piece of Republic's upside
Accredited only
Republic Ventures Opportunities for accredited investors
Institutional
Republic Capital Multi-stage venture firm
More
Wallet Manage your digital assets Mobile app Available on iOS or Android Learning center Explore investor resources FAQ Get your questions answered
Growth capital solutions
Capital fundraising Raise on Republic Tokenized assets Design, launch, manage tokenized assets Sharedrops Gift equity as a reward Founder Academy A complete guide to raising funds
Web3 services
Advisory Access veteran web3 advisors Infrastructure Stake your digital assets
Tokenization Deploy your assets on-chain
Institutional services
Republic Capital In-house Venture Capital fund
Broker dealer Regulated capital services

Waku isn't accepting new investments

Waku’s deadline was May 1, 2022

Follow the company to stay updated on their progress, including future investment opportunities


Explore new investment opportunities:
View companies raising now
Campaign ended
Logo of Waku

Waku

Deliciously replenishing herbal tea maximized for gut-health
Social Impact Latinx Founders B2C Drinks Nutrition
Facebook Telegram Twitter LinkedIn
Featured image of Waku
$87,001
Raised
144
Investors
Successfully funded and closed on May 1, 2022.
Invest in Waku

Open for investment

Investors in Waku also invested in these companies. View more
Logo of Rentberry

Rentberry

Invest Pre-IPO in the AI Revolution Transforming $13...

Republic Funding Portal · Reg CF
Loading...
Pitch Updates 14 Reviews 60
Invest Invest in Waku
Facebook Telegram Twitter LinkedIn
Closed on May 1, 2022. Information may not be up-to-date. Campaign closed on May 1, 2022. Information displayed may not be up-to-date.
Problem Solution Product Traction Customers Biz. model Market Competition Vision and strategy Funding Founders
About Team Press

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Waku Inc. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Waku Crowd SAFE Waku Form C:A.pdf Waku Form C.pdf
Loading

Hear from some of the 144 people reserved or invested in Waku


Show more

Highlights


  • $650K+ in projected revenue by the EOY 2021
  • 360%+ growth vs. 2020 (as of June 2021)
  • Acquired over 3,500 new customers in the last 12 months (as of June 2021)
  • 31% repeat purchase rate making up 40%+ of our revenue (as of June 2021)
  • 550+ positive reviews (Amazon + Livewaku.com)
  • Investors include Branch Venture Group and Boston Impact Initiative
  • Direct sourcing model buying at fair prices from smallholder farmers in EC

Problem


70M Americans suffer from digestive issues every day

The gut is one of the most important organs of the body. 70% of the immune system lives there; it is the gatekeeper to our inflammation response. Yet about 70M Americans suffer from digestive issues every day—most commonly bloating, indigestion, constipation, etc. As a result, millions of Americans battle side effects like inflammation, brain fog, low energy, and mood dis-regulation on a daily basis.

Solution


Waku: a delicious, all natural revival of body and spirit that starts in your gut, leaving you feeling calm, replenished, and ready for whatever comes next

A moment to replenish. A moment to reconnect. A moment to gear up for whatever comes next. Waku celebrates those moments in life that lift us up and help us stay grounded. Steeped in goodness and brewed to perfection, our herbal teas draw on centuries of Ecuadorian knowledge and biodiversity to create a deliciously refreshing brew that does wonders for your digestion, helping you feel calm, revived, and rebalanced. It's a feeling unlike any other, like a sunrise on the inside. And once you experience Waku, it will become a gentle ritual you look forward to every day. Here's to inner brilliance and flavors that shine.

Waku. Find your sunrise.

Product


A deliciously replenishing herbal tea that supports a healthy gut

We put a modern twist on an ancient tea by using a centuries-old Ecuadorian recipe, the finest natural ingredients, low sugar, and anti-inflammatory botanicals to maximize the gut-healthy benefits.

Waku creates modern rituals for daily replenishment by drawing on the time-tested knowledge and homegrown flavors of Ecuador. We stand for flavors that shine, the purest ingredients, maximized for gut-health, and responsibly made in Ecuador—where we source all of our ingredients ethically and manufacture all of our products.

Product Development

After talking with thousands of consumers and getting their feedback, we are currently working on a brand refresh and reformulation:

  • Adding prebiotic fiber to maximize the formula for gut-health
  • Reducing the amount of sugar per bottle
  • Increasing the sweetness with natural sweeteners like monk fruit
  • Increasing the size of the bottle to 14oz

The new brand look and formulations are going to be released by November 2021. Stay tuned!

Traction


9X growth in revenue traction since our first year

Waku's revenue traction has grown more than 9X since our first year, increasing from $70K in 2018 to $650K in 2021 (projected). We now have thousands of customers all throughout the US, including Hawaii and Puerto Rico!

As of March 2021, we have a $450K+ run rate and 360%+ YoY growth compared to March 2020. Waku acquired 3.5K+ new customers in the past 12 months—with 40%+ of revenue coming from repeat customers. 

In 2022, we will expand our distribution channels by getting into retail with focus on the natural channel (Whole Foods, Sprouts), and becoming an omni-channel brand.

Waku belongs to the Branch Venture Group as well as Boston Impact Initiative portfolio. We’ve been featured in The Boston Globe, Bevnet, SPINS and a variety of influencer blogs.

 

Customers


Rated 4.5 out of 5 stars from 550+ reviews

Many so-called "health drinks" are bland or off-putting, while tasty ones come loaded with added sugar, fake flavors, and empty calories. Waku delivers on amazing taste and function (gut-health) using only real ingredients and no/low calories.

Females in the 45-64 age range are our largest consumer base. They are drawn to Waku for the gut-health benefits and minimal sugar content. The second largest group are women between the ages of 35-44; they're drawn to Waku primarily by the taste and the low calories with gut health as a secondary benefit.

We’ve received huge praise for the digestive relief our teas bring people, and for the refreshing taste of our multiple flavors.

Business model


Primarily D2C with expansion plans into retail channels

Waku is projecting $650K in 2021 revenue, with 75% of sales being D2C and 25% coming from Amazon. Our average customer purchases 8 cases in a 2-year period. We’re planning on streamlining efficiency by moving from glass to more e-commerce friendly options, which we project will get us to a 40% gross margin and optimize the shipping process.

More than just a beverage company—we're a social impact driven company

The main driver behind why we started Waku ties back to our home-country Ecuador. 


We are fighting poverty in the communities of smallholder farmers in the Andes Mountains of Ecuador by sourcing our ingredients directly from them at fair trade prices. As we keep growing as a company, we're going to be able to generate a bigger impact in the economy of Ecuador.

*projected average # of cases in a 2-year period

Market


$57B global gut-health market by 2025

Gut-health consumable products are a global consumer macro-trend experiencing explosive growth. The global gut-health market size is projected to grow to $57B in 2025. To capture this market, we are focusing on customer acquisition in the coming months by rolling out a multi-pronged market entry that includes paid social advertising, research-based SEO, and influencer programs.

Additionally, the ready-to-drink tea category is a $7B category and has significant household penetration in the US. 

Competition


Disrupting the tea category & bringing gut-health functionality to the set

Waku has a unique and truly differentiated product. It uses a centuries-old Ecuadorean recipe, the finest natural ingredients, low sugar, and (soon) prebiotics to maximize the gut-healthy benefits. We're creating a truly unique value proposition. To our knowledge, Waku will be the first to market prebiotic tea! Our closest competitors are iced teas, which are loaded with sugar, fake flavors, and empty calories.

Waku also provides an alternative to consumers who want the gut-health benefits of kombucha but cannot stand its taste or carbonation.

Vision and strategy


Targeting successful exit of $200M+ with 10-15x ROI

We have a plan to get to $50M in sales by 2025 while creating immense economic impact for thousands of independent farmers in Ecuador. At that stage, we expect an exit of $200M or more. 

Compared to 2020, we are on track to grow more than 4X during 2021. In the near future, we will launch new and improved products, multiple new flavors, and an awesome brand refresh! 

For 2023, we are aiming to launch with national brands focused on health and wellness, such as Whole Foods, Natural Grocers, Sprouts, and others, becoming an omni-channel brand.

Funding


$1M raised from top investors like Branch Venture Group & Boston Impact Initiative 

Prior to our Republic campaign, we raised $1M from seasoned investors both in the US and internationally. Our investor roster includes Branch Venture Group, Boston Impact Initiative, and seasoned angel investors with extraordinary experience in the retail and CPG industries. 

This new round of funding will support our expansion plans. Funding will go towards marketing, product development, bringing on key hires, and launching our new and improved lines. 

Invest in Waku now!

Founders


Deal terms


Valuation cap

$6,000,000

The maximum valuation at which your investment converts into equity shares or cash.
Learn more

Discount

20%

If a trigger event for Waku occurs, the discount provision gives investors equity shares (or equal value in cash) at a reduced price.
Learn more.

Minimum investment

$100

The smallest investment amount that Waku is accepting.
Learn more

Maximum investment

$100,000

The largest investment amount that Waku is accepting.
Learn more

Funding goal

$1.07M

The maximum amount the offering can raise is $1.07M.
Learn more

Deadline
Waku needs to reach their minimum funding goal before the deadline ( ). If they don’t, all investments will be refunded.
Learn more
Type of security

Crowd SAFE

A SAFE allows an investor to make a cash investment in a company, with rights to receive certain company stock at a later date, in connection with a specific event. · Learn more

How it works

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Waku Inc. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Waku Crowd SAFE Waku Form C:A.pdf Waku Form C.pdf

Bonus perks

In addition to your Crowd SAFE, you'll receive perks for investing in Waku.
Invest
$100
Receive
  • Mention on our social media and livewaku.com + 15% off & *free shipping in all Waku Products for 1 month (*Free shipping available for US only)
Invest
$250
Receive
  • All of the above + 1 coupon for a Buy One Get One Free Deal + 20% off & *free shipping in all Waku Products for 2 months (*Free shipping available for US only)
Invest
$500
Receive
  • All of the above + 2 coupons for a Buy One Get One Free Deal + 20% off & *free shipping in all Waku Products for 3 months (*Free shipping available for US only)
Invest
$1,000
Receive
  • All of the above + 20% off & *free shipping in all Waku Products for 6 months (*Free shipping available for US only)
Invest
$2,200
Receive
  • All of the above + WAKU GOLD ACCESS: 1 Free Waku 12-Pack + 20% off & *free shipping in all Waku Products FOREVER + Waku T-Shirt (*Free shipping available for US only)
Invest
$5,000
Receive
  • All of the above + Monthly Investors Update + $250 Waku Gift Card
Invest
$10,000
Receive
  • All of the above + 1:1 Video Call with Waku Founders + $500 Waku Gift Card
Invest
$25,000
Receive
  • All of the above + Waku Platinum Access: 30% off & *Free Shipping in all Waku Products FOREVER + Custom Waku Hoodie with embroidered logo and your name (*Free shipping available for US only)
Invest
$50,000
Receive
  • All of the above + Dinner with founders Juan and Nico in New York City.
Invest
$100,000
Receive
  • Waku Platinum Access + Juan and Nico will fly you out to Quito, Ecuador* for lunch/dinner and a 2 night stay at a hotel in Quito’s Historic Center. (*Flight tickets from NYC to UIO)

About Waku

Legal Name
Waku Inc
Founded
Sep 2017
Form
Massachusetts Corporation
Employees
0
Website
livewaku.com
Social Media
Headquarters
Google Map location of of Waku
20 Waldo Avenue 3 , Somerville, MA
Headquarters
20 Waldo Avenue, 3, Somerville, MA, United States 02143

Waku Team
Everyone helping build Waku, not limited to employees

Profile picture of Juan Giraldo
Juan Giraldo
Co-Founder & CEO
Featured in Superheroes · Read
I am a a passionate entrepreneur who brings optimism, team building and vision to company culture. He is globally minded and experienced in working with international teams.
Profile picture of Nico Estrella
Nico Estrella
Co-Founder & CMO
I am a motivated, optimistic and determined leader with great problem-solving skills developed through a background on business and marketing education. Passionate about the power of entrepreneurship and how it can create immense impact in the world.
Profile picture of Sofía Estrella
Sofía Estrella
First Employee, Communication & PR Manager
I am a creative, enthusiastic, and motivated individual who understands the power of communication and the influence of design in life and business. I believe that there is always something new to learn and something new to share with others.
Profile picture of James Mccann
James Mccann
Waku Advisor - Ex-CEO Ahold USA &Carrefour France.
James McCann has led major food retail businesses around the world for Tesco, was the CEO of Carrefour France, and led Ahold’s $24 billion US business for four years up to the merger with Delhaize America in 2016.
1 more team member
Juan Giraldo
Co-Founder & CEO
Nico Estrella
Co-Founder & CMO
Sofía Estrella
First Employee, Communication & PR Manager
James Mccann
Waku Advisor - Ex-CEO Ahold USA &Carrefour France.

Press

How the Early-Stage Startup Waku Is Creating Investor Amb...
Masschallenge Masschallenge
·
Oct 19, 2021

Waku is a food and beverage brand of natural and ethically sourced ingredients from Ecuador. They're aim is to help their...

WBZ - CBS Boston - This Morning Show
Cbslocal Cbslocal
·
Oct 7, 2021

It Happens Here: Friends From Ecuador Brew Up Traditional Tea Company 'Waku' In Seaport District. “It’s based on a tradi...

Experience Sunrise on the Inside: Waku, a Modern Twist on...
Branchfood
·
Sep 13, 2021

This week we're delighted to speak with Juan Giraldo and Nico Estrella, founders of WAKU plant-based tonics, whose missio...

"Waku" una marca de té de hierbas con sello ecuatoriano -...
El Planeta El Planeta
·
Nov 17, 2020

Claudia Ginestra "Waku" es una marca de té que trae los mejores sabores de Ecuador, y que ya lleva 3 años en el mercado a...

WAKU: Plant-Based Tonics | VeganZine
VeganZine VeganZine
·
Aug 3, 2020

Waku plant-based tonics are made with a blend of 20 herbs and flowers, packed with medicinal benefits to support digestiv...

Love Your Guts: Boston's Waku Tonics
Brenda After Sixty
·
Jul 16, 2020

Boston-based Waku uses ancient Andean recipes to craft delicious tonics that support gut health.

How International Students Can Start a Business in the Un...
Babson Thought & Action Babson Thought & Action
·
Nov 4, 2019

International entrepreneurs frequently face adversity in working to start a business in the United States. What are the b...

Waku Releases Brand Refresh, New Flavor
BevNET.com BevNET.com
·
Sep 3, 2019

Waku Plant Based Tonic is making its first appearance at Expo East (Booth 5404) with an entirely new look. This Boston-ba...

Waku, a wellness tea with roots in Ecuador - The Boston G...
BostonGlobe.com BostonGlobe.com
·
Oct 15, 2018

Waku's backstory goes like this: Two millennials - Juan Giraldo, 29, and Nicolas Estrella, 26 - remember fondly the "well...

Show all
Logo of Waku

Waku

Waku successfully raised $87,001 from 144 investors on May 1, 2022
Profile picture of Anwar Abdi
Profile picture of Karen Lozada
Profile picture of Michael Chmura
Profile picture of David Chang
Profile picture of mark mettler
Anwar, Karen, Michael, David, mark, and 139 others invested. 60 Reviews
Republic

Giving everyone access to early-stage startup investing

For investors
  • Why invest
  • How it works
  • FAQ
  • Risks
  • Privacy policy
  • Accessibility
  • Cookie Preferences
  • Form CRS
For startups
  • Why raise
  • Learn
  • FAQ
  • Tokenized assets
Company
  • About
  • Insights
  • Events
  • Contact
  • Security
  • We're hiring!
Dollar Refer a startup, get $2,500
Dollar Refer a startup, get $2,500

Invest in the app

Android app iOS app

Invest in the app

Android app iOS app

This site (the "Site") is owned and maintained by OpenDeal Inc., which is not a registered broker-dealer. OpenDeal Inc. does not give investment advice, endorsement, analysis or recommendations with respect to any securities. All securities listed here are being offered by, and all information included on this Site is the responsibility of, the applicable issuer of such securities. The intermediary facilitating the offering will be identified in such offering’s documentation.

All related securities activity is conducted by OpenDeal Broker LLC a registered broker-dealer, Member of FINRA and SiPC, an affiliate of OpenDeal Inc. and OpenDeal Portal LLC, located at 149 5th Avenue, 10th Floor, New York, NY 10010. Please check our background on FINRA’s BrokerCheck.

Certain pages discussing the mechanics and providing educational materials regarding regulation crowdfunding offerings may refer to OpenDeal Broker LLC and OpenDeal Portal LLC collectively as “Republic”, solely for explanatory purposes.

Neither OpenDeal Inc., OpenDeal Portal LLC nor OpenDeal Broker LLC make investment recommendations and no communication, through this Site, or in any other medium, should be construed as a recommendation for any security offered on or off this investment platform. Investment opportunities posted on this Site are private placements of securities that are not publicly traded, involve a high degree of risk, may lose value including the total loss of invested capital, are subject to holding period requirements and are intended for investors who do not need a liquid investment. Past performance is not indicative of future results. Investors must be able to afford the loss of their entire investment. Only qualified investors, who understand the risks of early-stage investment and who meet the Republic's investment criteria may invest. Investors may be restricted to only Accredited Investors or non-U.S. persons, to invest in offerings hosted by OpenDeal Broker. Neither OpenDeal Inc., OpenDeal Portal LLC nor OpenDeal Broker LLC, nor any of their officers, directors, agents and employees make any warranty, express or implied, of any kind whatsoever related to the adequacy, accuracy or completeness of any information on this Site or the use of information on this site. Offers to sell securities can only be made through official offering documents that contain important information about the investment and the issuers, including risks. Investors should carefully read the offering documents. Investors should conduct their own due diligence and are encouraged to consult with their tax, legal and financial advisors.

By accessing the Site and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy. Please also see OpenDeal Broker’s Business Continuity Plan and Additional Risk Disclosures. All issuers offering securities under regulation crowdfunding as hosted by OpenDeal Portal LLC are listed on the All Companies Page. The inclusion or exclusion of an issuer on the Platform Page and/or Republic’s Homepage, which includes offerings conducted under regulation crowdfunding as well as other exemptions from registration, is not based upon any endorsement or recommendation by OpenDeal Inc, OpenDeal Portal LLC, or OpenDeal Broker LLC, nor any of their affiliates, officers, directors, agents, and employees. Rather, issuers of securities may, in their sole discretion, opt-out of being listed on the Platform Page and Homepage.

Investors should verify any issuer information they consider important before making an investment.

Investments in private companies are particularly risky and may result in total loss of invested capital. Past performance of a security or a company does not guarantee future results or returns. Only investors who understand the risks of early stage investment and who meet the Republic's investment criteria may invest.

Neither OpenDeal Inc., OpenDeal Portal LLC nor OpenDeal Broker LLC verify information provided by companies on this Site and makes no assurance as to the completeness or accuracy of any such information. Additional information about companies fundraising on the Site can be found by searching the EDGAR database, or the offering documentation located on the Site when the offering does not require an EDGAR filing.

To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. Therefore, when you use the Services we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license, passport or other identifying documents.

Republic and its affiliates are not and do not operate or act as a bank. Certain banking services are provided by BitGo Trust Company, a South Dakota-chartered trust company and registered money services business. BitGo Trust Company is not an FDIC member. Digital (crypto) assets and investment products are not insured by the FDIC, may lose value, and are not deposits or other obligations of BitGo Trust Company and are not guaranteed by BitGo Trust Company. Terms and conditions apply.

Invest in startups using your credit card
You can invest using your credit card

Made in SF/NYC