18.21 Drinks

Elevate your drink

Analytics

Raised to Date: $279,131

Aggregate Commitments $
Platform

Republic

Start Date

09/15/2020

Close Date

12/14/2020

Min. Goal

$25,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Valuation Cap

$10,000,000

Discount Rate

0%

Rolling Commitments $
Status
Funded
Reporting Date

12/31/2020

Days Remaining
Funded
% of Min. Goal

1,117%

% of Max. Goal

26%

Likelihood of Max
Funded
Avg. Daily Raise

$3,101

# of Investors

685

Momentum
Funded
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Location

Wilmington, Delaware

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

High

Business Type

Growth

18.21 Drinks, with a $10 million valuation cap, is raising funds on Republic. The beverage company is meeting the demands of modern customers with its premium sparkling beverages, bitters, cocktail mixers, and spiked low ABV sparkling beverages. Additionally, the CNBS brand makes cannabis-infused sparkling beverages using high-quality ingredients. 18.21 Drinks was founded by Missy Koefod and Kristin Koefod in 2014. The proceeds of the current crowdfunding campaign, with a minimum raise of $25,000 and a maximum raise of $1,070,000, will be used for production, outsourcing, sales and hiring, marketing, and general corporate expenses. 18.21 Drinks products are available in 48 states and internationally. The company has generated over $5.5 million in lifetime revenues.
Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$1,033,820

$1,513,993

COGS

$529,958

$585,800

Tax

$0

$0

 

 

Net Income

$44,108

$28,625

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$82,511

$109,956

Accounts Receivable

$118,696

$127,594

Total Assets

$245,622

$317,337

Short-Term Debt

$107,701

$114,136

Long-Term Debt

$0

$0

Total Liabilities

$107,701

$114,136

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