B.T.R. NATION

B.T.R. NATION

Closed: Aug. 2023

About this raise

B.T.R. NATION, with a valuation of $5 million, is raising funds on Republic. The business makes functional snacks based on superfoods and adaptogens. The snacks of B.T.R. NATION combine function and flavor and include protein bars and superfood truffle cups. B.T.R. NATION snacks contain 90% less sugar, clean ingredients, and plant-based protein. The company generated $500,000 in revenue in the past twelve months and aims to launch into 1,000 points of distribution by Q4 2023. Ashley Nickelsen founded B.T.R. NATION in April 2022. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $124,000. The campaign proceeds will be used for new product marketing, research and development, new hires, and general working capital.

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Investment Overview

Invested this round: $67,848

Deal Terms

Total Commitments

Platform
Republic
Start Date
06/21/2023
Close Date
08/21/2023
Min. Goal
$25,000
Max Goal
$124,000
Min. Investment

$100

Security Type

SAFE

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$5,000,000

Discount

10%

Company & Team

Company

Year Founded
2022
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Location
SAN FRANCISCO, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
2
Prior Founder Exits?
No
Founder Name
Ashley Nickelsen
Title
CEO

Financials

 Revenue
$582,812
as of FY2022
 Monthly Burn
$8,940
as of FY2022
 Runway
6.7 months
as of FY2022
 Gross Margin
57%
as of FY2022

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$582,812

$0

COGS

$250,698

$0

Tax

$0

$0

 

 

Net Income

$-107,274

$0

Summary Balance Sheet

FY 2022 FY 2021

Cash

$60,122

$0

Accounts Receivable

$113,331

$0

Total Assets

$492,653

$0

Short-Term Debt

$39,900

$0

Long-Term Debt

$367,500

$0

Total Liabilities

$407,400

$0

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$592,000
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
08/21/2023 Republic $5,000,000 $67,848 SAFE Funded RegCF
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Add to portfolio
B.T.R. NATION on Republic 2023
Platform: Republic
Security Type: SAFE
Valuation: $5,000,000

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Follow B.T.R. NATION on Republic 2023

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