WellWell
Plant Based Functional Beverages
Analytics
Raised to Date: $122,926
Aggregate Commitments $
Republic
12/03/2020
04/02/2021
$25,000
$1,070,000
$100
SAFE
RegCF
Series A
$10,000,000
20%
Weekly Commitments $
Active
02/24/2021
36
492%
11%
$1,481
274
New York, New York
Food, Beverage, & Restaurants
Non-Tech
B2B/B2C
Medium
High
WellWell, with a valuation cap of $10 million, is raising funds on Republic. The company makes plant-based functional beverages using science-backed recipes. The seven beverages of WellWell have real functional benefits and help with stress, burnout, and exhaustion. Sagan Schultz MD, Larry Praeger, Michael Chernow, and Collin Hughes founded WellWell in October 2015. The proceeds of the current round of crowdfunding, with a minimum target of $25,000 and a maximum target of $1,070,000, will be used towards the focus on direct-to-consumer, product line expansion, reduction in COGS, and continued retail expansion. WellWell sells through over 800 retailers, including Walmart, Whole Foods, and Kroger, and has sold over 785,000 to date.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$448,058 |
$197,536 |
|
COGS |
$770,423 |
$247,518 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-2,162,110 |
$-644,517 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$149,977 |
$72,607 |
|
Accounts Receivable |
$32,229 |
$0 |
|
Total Assets |
$533,448 |
$241,694 |
|
Short-Term Debt |
$257,828 |
$53,964 |
|
Long-Term Debt |
$250,000 |
$0 |
|
Total Liabilities |
$507,828 |
$53,964 |
Ratings
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Ratings Platform - Beta Trial
Our new ratings and analytics platform is currently in Beta. To gain access to the Beta platform features, upgrade to a Pro paid account and accept the Beta terms on any page.
For a limited time, use coupon code "TRYMERLIN20" for a free 20 day trial of Kingscrowd Pro and Merlin Beta. Your paid subscription will activate at the end of 20 days. Cancel anytime.Other Deals
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