Altaneve

Altaneve

Closed: Apr. 2018

About this raise

Who Should Be Interested:
Do you love prosecco? Do you want to take part in a rapidly-growing billion-dollar industry that you enjoy sipping from? If you said yes, then investing in Altaneve might be what you’re looking for. Altaneve is a premium, high-quality Prosecco, and their goal is to become the “The Ultimate Italian Sparkling Wine” brand in the world.

The Company:
Altaneve produces extremely high quality Prosecco that is low calorie, low sulfite, sustainable, 100% vegan, and 100% natural. People have described it as “stunning,” and the WSJ MarketWatch deemed it “the best prosecco in the world.” Since 2013, Prosecco has been the most popular sparkling wine in the $62 billion wine industry in the US, and Prosecco sales have doubled to 600 million bottles globally in the past four years, while Champagne sales have remained mostly flat. Altaneve itself has experienced double-digit company growth every year, with projected growth of over 3x in 2018. Now, founder David Noto, who is the descendant of 10 generations of winemaking, plans to take Altaneve all the way to the top by becoming “The Ultimate Italian Sparkling Wine” brand. They want to create a new market niche for Prosecco -- a Ultra Premium high-end Prosecco, and they believe Altaneve has the fancy and delicious pop-fizz-clink factor to achieve it.

The Bottom Line:
People are sipping more Prosecco than Champagne these days, and Altaneve wants to capture the Ultra Premium niche in this billion dollar market. Their bubbles are deemed some of the best in the world, so it seems like them creating -- and capturing -- that niche is worth cheers’ing to!

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Investment Overview

Invested this round: $102,232

Deal Terms

Total Commitments

Platform
Republic
Start Date
01/24/2018
Close Date
04/30/2018
Min. Goal
$25,000
Max Goal
$1,000,000
Min. Investment

$50

Security Type

SAFE

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$5,000,000

Discount

0%

Company & Team

Company

Year Founded
2011
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Distribution Model
B2C
Margin
Capital Intensity
Location
New York, New York
Company Website
Visit Website

Team

Employees
1

Financials

Financials are not currently available for this company. This may occur if the company is still Testing the Waters, is a Regulation D offering, or if the financials are still under review and being confirmed by our team. For Reg CF and Reg A+ raises, please check back later.

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/30/2018 Republic $5,000,000 $102,232 SAFE Funded RegCF
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Altaneve on Republic
Platform: Republic
Security Type: SAFE
Valuation: $5,000,000

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