Overview

Raised to Date: Raised: $437,689

Deal Terms

Investment Momentum

Company Profile

Deal Summary

Financials

Total Commitments ($USD)

Platform

Wefunder

Start Date

12/25/2022

Close Date

04/30/2023

Min. Goal

$50,000

Max. Goal

$850,000

Min. Investment

$100

Security Type

Convertible Note

Series

Seed

SEC Filing Type

RegCF    

Early Bird Val. Cap

$5,000,000

Valuation Cap

$6,000,000

Discount

0%

Rolling Commitments ($USD)

Status

Funded

Reporting Date

04/30/2023

Days Remaining

Funded

% of Min. Goal

Funded

% of Max. Goal

Funded

Likelihood of Max

Funded

Avg. Daily Raise

$3,502

# of Investors

78

Momentum

Funded

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Babe Kombucha

Year Founded

2016

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Location

San Diego, California

Business Type

Growth

Company Website

Babe Kombucha, with a valuation of $6 million, is raising funds on Wefunder. It is a leading kombucha brand that makes flavorful and delicious drinks. The business owns its manufacturing facility to produce at a national scale and has a distribution partnership with UNFI and KEHE. Babe Kombucha is expanding from 500 to 1,200 stores by expanding into Sprouts and Grocery Outlet and generated $1 million in revenue in 2022. Vinnie Pavan and Marco Quadros founded Babe Kombucha in December 2016. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $850,000. The campaign proceeds will be used for marketing, launching a new line of products, tanks and equipment acquisition, and fulfilling national account orders.

Summary Profit and Loss Statement

	FY 2021	FY 2020
Revenue	$772,822	$501,850
COGS	$276,127	$228,864
Tax	$1,860	$1,777
Net Income	$-76,920	$-105,948

Summary Balance Sheet

	FY 2021	FY 2020
Cash	$25,346	$35,461
Accounts Receivable	$42,048	$7,286
Total Assets	$545,486	$439,665
Short-Term Debt	$128,767	$243,743
Long-Term Debt	$235,404	$126,013
Total Liabilities	$364,171	$369,756

Financials as of: 12/25/2022

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Babe Kombucha Co-Founder Vinnie Pavan on Healthy Beverages

Kombucha is a fizzy, fermented, tea-based drink that is around 2,000 years old, but it’s looking really good for its age. Lots of health-conscious consumers have been flocking to kombucha for the list of health benefits it’s said to carry: better digestion, weight loss, and a stronger immune system, among others. Whether it’s because consumers want to be healthier or they just enjoy the sweet-and-sour taste, kombucha’s recent surge in popularity shows no sign of slowing down.

Babe Kombucha answered that enthusiasm with a kombucha line of its own. Customers can visit the company’s tasting room in San Diego, California or pick up a can (or 12) of its kombucha in stores or online. We reached out to co-founder and CEO Vinnie Pavan to hear about his greatest passions and how his past experiences have helped Babe Kombucha.

Note: This interview was conducted over phone and email. It has been lightly edited for clarity and length.

Read Founder Interview