Caribbean Smooth Ou-Oui!

Caribbean Smooth Ou-Oui!

Closed: Mar. 2021

About this raise

Caribbean Smooth Ou-Oui!, with a valuation cap of $5.5 million, is raising crowdfunding on Wefunder. The company manufactures and markets premium liquor made from real fruits and rum. The real tropical fruits, flavors, and spices create a smooth experience for women by replacing alcohol’s harsh taste. Nigel Walwyn founded Caribbean Smooth Ou-Oui! in 2014 and has raised over $255,000 since its inception. The proceeds of the current crowdfunding round, with a minimum goal of $50,000 and a maximum goal of $250,000, will be used for marketing, packaging redesign, office expenses, insurance, and licenses. Caribbean Smooth Ou-Oui! has sold over 3,000 cases in more than 200 accounts in four markets. The company has forged a strategic partnership with Florida Distillers and has a pending partnership with MHW.

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Investment Overview

Invested this round: $68,326

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
09/29/2020
Close Date
03/18/2021
Min. Goal
$50,000
Max Goal
$250,000
Min. Investment

$100

Security Type

Convertible Note

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$4,499,000

Valuation Cap

$5,500,000

Discount

20%

Company & Team

Company

Year Founded
2014
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2B2C
Margin
Low
Capital Intensity
Low
Location
Atlanta, Georgia
Business Type
Life Style
Company Website
Visit Website

Team

Employees
3
Prior Founder Exits?
No
Founder Name
Nigel V Walwyn
Title
CEO

Financials

 Revenue -65% YoY
$33,744
 Monthly Burn
$5,552
 Runway
2 months
Gross Margin
16%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$33,744

$97,652

COGS

$28,233

$76,891

Tax

$642

$655

 

 

Net Income

$-66,621

$-67,494

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$10,881

$45,937

Accounts Receivable

$0

$0

Total Assets

$58,030

$126,068

Short-Term Debt

$0

$0

Long-Term Debt

$214,511

$215,929

Total Liabilities

$214,511

$215,929

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
03/18/2021 Wefunder $5,500,000 $68,326 Convertible Note Funded RegCF
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Caribbean Smooth Ou-Oui! on Wefunder
Platform: Wefunder
Security Type: Convertible Note
Valuation: $5,500,000

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