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

Cafe X - Robotic Coffee Bars isn't accepting new investments

Cafe X - Robotic Coffee Bars’ deadline was April 29, 2023

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 Cafe X - Robotic Coffee Bars

Cafe X - Robotic Coffee Bars

Fully-automated café systems, each serving up to 600 orders per day
Hardware B2C Restaurant & Bar Services B2B AAPI Founders Drinks Robotics
Facebook Telegram Twitter LinkedIn
Featured image of Cafe X - Robotic Coffee Bars
$317,398
Raised
393
Investors
Successfully funded and closed on April 29, 2023.
Invest in Cafe X - Robotic Coffee Bars

Open for investment

Investors in Cafe X - Robotic Coffee Bars 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
Logo of  Metaintro

Metaintro

The Bloomberg of Labor Markets - AI-powered workforc...

Republic Funding Portal · Reg CF
Logo of The Sports Bra

The Sports Bra

The world's first sports bar fully dedicated to wome...

Republic Funding Portal · Reg CF
Logo of Mintworks

Mintworks

$30T opportunity by 2030. We turn any asset into dig...

Republic Funding Portal · Reg CF
Logo of OpenRange Social

OpenRange Social

Social Platform for the 54M Hunters, Anglers and Out...

Republic Funding Portal · Reg CF
Logo of Cognivix

Cognivix

Robots that learn new assembly tasks from one demons...

Republic Funding Portal · Reg CF
Logo of Yakuru Inc.

Yakuru Inc.

Precision supplements, biometrics, and AI performanc...

Republic Funding Portal · Reg CF
Logo of Finless Foods

Finless Foods

Sustainable sushi-grade tuna to meet a growing suppl...

Republic Funding Portal · Reg CF
Logo of Anodos Labs Inc

Anodos Labs Inc

Banks have had their time. Now, it's yours. One app,...

Republic Funding Portal · Reg CF
Logo of Lumida Wealth

Lumida Wealth

Lumida is Scaling. Invest in the AI Platform Disrupt...

Republic Funding Portal · Reg CF
Loading...
Co-investors
Khosla Ventures
VC firm, Menlo Park CA
Khosla Ventures is VC firm founded by Vinod Khosla, with over $5B under management. Portfolio companies include: Square, Webflow, Instacart, Okta, Stripe, Zocdoc, Yammer & OpenAI.
Khosla Ventures also invested in:
Companies
Craft Ventures
Early stage VC firm in SF
Craft Ventures is a venture capital firm based in San Francisco which makes early stage venture investments. Craft was founded in 2017 by David O. Sacks and Bill Lee. Portfolio includes: AirBnb, SpaceX, Affirm, Uber, Tesla, Slack, Palantir, Postmates.
Craft Ventures also invested in:
Companies
Jason Calacanis
Angel investor
Jason Calacanis is an American Internet entrepreneur, angel investor, author and podcaster. He is best known for being an angel investor in several unicorns including Uber, Calm, Robinhood, Thumbtack, Datastax, and Desktop Metal.
Jason Calacanis also invested in:
Companies
Pitch Updates 1 Reviews 47
Invest Invest in Cafe X - Robotic Coffee Bars
Facebook Telegram Twitter LinkedIn
Closed on April 29, 2023. Information may not be up-to-date. Campaign closed on April 29, 2023. Information displayed may not be up-to-date.
Problem Solution Product Traction Customers Biz. model Market Competition Vision and strategy Funding Founder
About Team Press

Documents

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

Hear from some of the 393 investors in Cafe X - Robotic Coffee Bars


Show more

Highlights


$10M+ raised
Company has previously raised over $10M in capital
Notable angel backing
Company is backed by a notable angel investor
Tier-1 Venture backing
Company is backed by a tier-1 VC firm
  • World's highest revenue-generating vending machine
  • Over $6M in sales
  • Multiple Fortune 100 customers
  • Backed by notable Silicon Valley investors

Problem


Millions of people
go through a stagnated coffee experience

that takes up to 15 minutes,
multiple times every day.

Problems for consumers

  • Long and unpredictable wait time
  • Expensive
  • Inconsistent drink taste/quality 
  • Dated user experience
  • Other current automated coffee solutions suck

Problems for operators

  • Finding real estate, design, construction, permitting - extremely high initial investment
  • High and increasing labor cost
  • Challenges with training and retaining employees 
  • Fixed location — after renovating a café, you can't just move it somewhere else 

Solution


Robotic Coffee Bar

The fastest, most advanced fully automated café system.

The only robotic coffee systems in the world that currently serve hundreds of paying customers every single day, fully autonomously and fully unattended.

Our company-operated machines at San Francisco Airport are the highest revenue-generating vending machines in the world.

Our initial B2B customers include four Fortune 100 companies. 

Product


The highest revenue-generating vending machine in the world


Built for high output

Up to 600 drinks per day. Mobile ordering. Prepares up to seven drinks at a time. Dual pickup windows for up to four drinks at a time.


Massive menu, quality products

Trusted by leading specialty coffee roasters including Onyx Coffee Lab, Intelligentsia Coffee, Equator Coffees, and Ritual Coffee Roasters. Far more than just classic espresso drinks. Up to four different coffee beans with four products on nitro tap, with a modular shelf for food and retail products. 


Refined hardware and software integration

Designed and built in-house by our vertically integrated team. Developed and improved through real-world testing with over 600,000 products sold to paying customers.

Traction


$6M in sales. Fortune 100 customers. Backed by All-In Podcast besties and top VCs.


Making money while developing the product

We've been field testing prototypes of our machines in high-demand environments since 2017. Over $2M in revenue has been generated as we developed and tested our machines with hundreds of thousands of paying customers, including over $700K from our two machines at the San Francisco Airport in 2022 alone. We do not just bring machines to short demo events and give away free coffee for press coverage. Our San Francisco Airport operations run at over 50% EBITDA margin. 


Shipping to Fortune 100 companies and more 

With $0 spent on marketing and no sales team, Cafe X has sold machines to a number of Fortune 20-100 companies and more. In 2022, Cafe X shipped our first five machines to B2B customers. As of March 2023, despite increasing our prices, we are already currently building 10 additional machines for customers who have already paid significant non-refundable down payment. Our current priority is to scale manufacturing to meet demand.  


Sacks, Chamath, JCal, and more 

Our early supporters are some of the most prolific investors in Silicon Valley. More below in the funding section. 

Customers


Notable B2B customers

  • EV company (Fortune 100)

  • Professional services firm (Big four)
  • Major bank (top 20 most valuable companies)
  • Energy company (A supermajor) 
  • Museum of the Future
  • The most awarded specialty coffee roaster in the U.S.


Business model


Cafe X changes the café opening timescale from months to hours

Staff training and installation can be completed in just a few hours. Location examples include:

  • Corporate offices
  • Cafés
  • Malls, retail stores
  • Airports, travel stops
  • Museums, parks 

Pricing

  • Robotic Coffee Bar system: $285,000
  • Annual software and services: $15,000
  • Software and services subscription required for the life of the machine (estimated 15 years)

Market


$11B market set to grow to $30B by 2024

The intelligent vending machine market was valued at $11B in 2017 and is set to grow to $30B by 2024. Coffee vending machines in office buildings make up one of the largest and most utilized segments of this market.

Cafe X is bringing much-needed innovation to the coffee vending machine market, and is providing a similar experience and quality to that of a specialty cafe. The speciality coffee shop market has grown at an 11.28% CAGR from 2019 to 2020, and is expected to grow by $80B over the next four years.

Competition


Cafe X vs...


Fully Staffed Cafés

Our machines deliver the same product quality, if not better, than fully staffed cafés. Therefore, our direct competition is fully staffed cafés, in locations where it is feasible to have both. Given compact design of the machine, a fully staffed café may still have the advantage in terms of menu variety and drink customization options. However, our machines will deliver significantly more consistent quality, and a lot faster. 


Other automated self-service coffee

Our San Francisco Airport Terminal 3 machine replaced a competitor's coffee vending machine in 2021. Despite reduce airport traffic due to COVID-19, our machine generated 3-4x the sales that the competition's machine did at the exact same location.


What's the point of the robot? I can just press a button on a coffee machine

Robotic Coffee Bar is designed for a large menu of premium product offerings in high volume locations. Having a robotic arm to prepare multiple, multi-step-recipe drinks at the same time is a critical requirement. 

Locations that meet the following criteria are generally better off just installing a standard commercial fully automated coffee machine, where a user puts a cup down and presses a button by themselves, as a Robotic Coffee Bar would be overkill. 

  • Only require a basic menu
  • Daily beverage output of 30-50 drinks
  • Low price point or free

Vision and strategy


Scaling production

Cafe X is poised to go viral

  • Our focus over the next 18 months is ramping production of our current machine to meet demand, and reducing cost to increase margins.
  • Each machine that we ship generates more "real-world virality" and results in more orders. 
  • Our hardware and software architecture is designed such that the machines can be updated over time with food, drink, and retail dispensing capabilities. 

Volume targets

  • 2022: 5 (delivered)
  • 2023: 25 (10 already ordered)
  • 2024: 50
  • 2025: 100

Funding


$17M raised to date

Notable investors include

  • David Sacks (Craft Ventures - Series A)
  • Jason Calacanis (Launch)
  • Chamath Palihapitiya (Social Capital - Series Seed)
  • Vinod Khosla (Khosla Ventures)
  • Aydin Senkut (Felicis Ventures)
  • Antonio Gracias (Valor Equity Partners)
  • Peter Thiel (Thiel Foundation)

Founder


Henry Hu

  • Grew up in Hong Kong
  • Dropped out of college to start Cafe X after spending too much time waiting in line for coffee
  • Thiel Fellow 
  • Forbes 30 under 30 
  • Business Insider 30 and under tech industry rising star
  • Really good at repairing coffee machines and drinking espresso
  • @supergeek18 on Twitter

Deal terms


Valuation cap

$50,000,000

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

Minimum investment

$150

The smallest investment amount that Cafe X - Robotic Coffee Bars is accepting.
Learn more

Maximum investment

$250,000

The largest investment amount that Cafe X - Robotic Coffee Bars is accepting.
Learn more

Funding goal

$1.24M

The maximum amount the offering can raise is $1.24M.
Learn more

Deadline
Cafe X - Robotic Coffee Bars 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

Nominee Lead

Chief Executive Officer of Cafe X Technologies, Inc. (currently Henry Hu)

Will direct the Nominee on certain matters like voting, amendments and conversions affecting the security.
Learn more

How it works

Documents

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

About Cafe X - Robotic Coffee Bars

Legal Name
Cafe X Technologies, Inc.
Founded
May 2014
Form
Delaware Corporation
Employees
6
Website
getcafex.com
Social Media
Headquarters
Google Map location of of Cafe X - Robotic Coffee Bars
245 East Harris Avenue , South San Francisco, CA
Headquarters
245 East Harris Avenue, South San Francisco, CA, United States 94080

Cafe X - Robotic Coffee Bars Team
Everyone helping build Cafe X - Robotic Coffee Bars, not limited to employees

Profile picture of Henry Hu
Henry Hu
Founder
Cafe X
Profile picture of Jason Calacanis
Jason Calacanis
Director
Henry Hu
Founder
Jason Calacanis
Director

Press

Cafe X Opens A New Robotic Barista Coffee Bar In An Airport
Forbes Forbes
·
Dec 25, 2019

If you are traveling through San Francisco International Airport (SFO) this holiday season, you can be one of the first c...

Cafe X's robot aims to serve you more than just the perfe...
VentureBeat VentureBeat
·
Dec 20, 2019

Watching a Cafe X robot prepare a cup of gourmet coffee - and then perform a kind of ritualistic dance - is kind of mesme...

Cafe X Launches New Robotic Coffee Bar at San Jose Intern...
Businesswire
·
Dec 3, 2019

SAN FRANCISCO--()--Cafe X opened its newest location today, offering thousands of travelers at San Jose International Air...

Logo of Cafe X - Robotic Coffee Bars

Cafe X - Robotic Coffee Bars

Cafe X - Robotic Coffee Bars successfully raised $317,398 from 393 investors on April 29, 2023
Profile picture of Jennifer Aronson
Profile picture of Jerry Castanos
Profile picture of Sanjay Negi
Profile picture of Daniel Christopher
Profile picture of RAI SAYON
Jennifer, Jerry, Sanjay, Daniel, RAI, and 388 others invested. 47 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