Cheeky Cocktails
About this raise: Cheeky Cocktails, with a valuation of $7 million, is raising funds on Wefunder. The company makes professional-grade cocktail ingredients for the home and bar. Cheeky Cocktails’ products are shelf-stable for up to two years and include 100% citrus juices and syrups with no artificial ingredients. The products are sold in 1,200 stores in 44 states and have generated $1.2 million in revenue. April Wachtel founded Cheeky Cocktails in July 2018. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $124,000. The campaign proceeds will be used for marketing, trade shows, sampling, inventory, R&D, and working capital.
Investment Overview
Invested : $86,150
Deal Terms
Total Commitments ($USD)
- Platform
- Wefunder
- Start Date
- 08/09/2024
- Close Date
- 08/29/2024
$50,000
$124,000
$100
SAFE
Seed
RegCF
$7,000,000
15%
Company & Team
Company
- Year Founded
- 2018
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Medium
- Capital Intensity
- Low
Financials
- Revenue +20% YoY
- $265,309
- Monthly Burn
- $4,141
-
Runway
- 4.8 months
- Gross Margin
- 37%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $400,000
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 08/29/2024 | Wefunder | $7,000,000 | $86,150 | SAFE | Funded | RegCF |