TOST Beverages
Early Stage
Sparkling non-alcoholic beverages, perfect for every occasion
Overview
Raised: $373,633
Total Commitments ($USD)
Platform
Republic
Start Date
04/28/2021
Close Date
09/30/2021
Min. Goal
$25,000
Max. Goal
$1,070,000
Min. Investment
$150
Security Type
SAFE
Series
Series A
SEC Filing Type
RegCF
Valuation Cap
$12,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
10/02/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$2,426
# of Investors
702
Momentum
Funded
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Year Founded
2014
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
TOST Beverages, with a $12 million valuation cap, is raising crowdfunding on Republic. The company makes non-alcoholic beverages that everyone can enjoy everywhere to celebrate the special moments inclusively and positively. The beverages of TOST Beverages are currently available in two flavors: TOST and TOST ROSE. Brooks Addington founded TOST Beverages in 2014. The proceeds of the current crowdfunding round, with a minimum raise of $25,000 and a maximum raise of $1,070,000, will be used for talent acquisition, partner expansion, product development, inventory management, PR and social media, and working capital. TOST Beverages generated a revenue of over $1 million in the last ten months. The revenue of the company grew 4.1 times from the first quarter of 2020 to the same period in 2021.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$760,581 |
$401,012 |
|
COGS |
$529,465 |
$304,608 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-193,179 |
$-151,198 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$39,901 |
$169,513 |
|
Accounts Receivable |
$98,529 |
$65,062 |
|
Total Assets |
$503,717 |
$460,764 |
|
Short-Term Debt |
$198,432 |
$98,395 |
|
Long-Term Debt |
$222,000 |
$222,000 |
|
Total Liabilities |
$420,432 |
$320,395 |
Financials as of: 04/28/2021
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