18.21 Drinks

BETA

Elevate your drink

Analytics

Raised to Date: $65,249

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%

Weekly Commitments $
Status

Active

Reporting Date

09/20/2020

Days Remaining

83

% of Min. Goal

261%

% of Max. Goal

6%

Likelihood of Max
Avg. Daily Raise

$13,050

# of Investors

160

Momentum
Location

Wilmington, DE

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

Ratings

last updated 09/21/2020

Other Deals

Smart Soda Holdings on Republic

Smart Soda has been selected as a “Deal to Watch” by KingsCrowd. This distinction is reserved for deals…

Crowd
Sunwarrior on StartEngine

Sunwarrior has been selected as a “Deal to Watch” by KingsCrowd. This distinction is reserved for deals selected…

Crowd
Macro Snacks on StartEngine

The Macro Snacks team has been selected as a “Deal to Watch” by KingsCrowd. This distinction is reserved…

Crowd
Create your first portfolio
WELCOME TO YOUR OWN INVESTMENTS PORTFOLIO ON KINGSCROWD.

Now you can track all of your startup investments in one place utilizing our state-of-the-art portfolio tracker tools. To begin, create your first portfolio below.

Add to portfolio
Add 18.21 Drinks on Republic
Follow company
Follow 18.21 Drinks on Republic