Backyard Soda (2019)

Backyard Soda (2019)

About this raise

Backyard Soda Co., with a valuation cap of $2.5 million, is raising funds on MicroVentures. The company manufactures CBD-infused soda from locally sourced help and flavors them with natural syrups like lavender lemon, ginger lime, and mango jalapeno. Backyard Soda Co. was founded as a soda card by Jonathan Schulz and diversified into CBD-infused preparations in 2019. The current crowdfunding round has a minimum target of $25,000 and a maximum target of $107,000 and the proceeds will be used for marketing, manufacturing, research & development, future wages, and working capital. Backyard Soda Co. sells its products through Whole Foods in Colorado and has already raised $130,000 from CanopyBoulder.

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Investment Overview

Invested this round: $81,677

Deal Terms

Total Commitments

Platform
Microventures
Start Date
09/12/2019
Close Date
10/28/2019
Min. Goal
$25,000
Max Goal
$107,000
Min. Investment

$100

Security Type

Convertible Note

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$2,500,000

Discount

0%

Company & Team

Company

Year Founded
2019
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Capital Intensity
Location
Evergreen, Colorado
Company Website
Visit Website

Team

Employees
3

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
09/30/2020 Republic $2,750,000 $143,891 SAFE Funded RegCF
10/28/2019 Microventures $2,500,000 $81,677 Convertible Note Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Employee History

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Backyard Soda Co on Microventures
Platform: Microventures
Security Type: Convertible Note
Valuation: $2,500,000

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Warning: according to the close date for this deal, Backyard Soda may no longer be accepting investments.

Backyard Soda Deal Report

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