Diesel Beverages

Diesel Beverages

Closed: Feb. 2023

About this raise

Diesel Beverages, with a valuation of $6 million, is raising funds on Wefunder. The company makes strain-specific cannabis terpene beverages without CBD or THC. The beverages have the therapeutic properties of cannabis terpenes, all-natural flavors, and no limits for distribution channels. Diesel Beverages has top distributor partnerships, is selling on Amazon, and plans to reach $6 million in revenue by 2024. Marc Brannigan and Natalie Mondine founded Diesel Beverages in January 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $250,000. The campaign proceeds will be used for production costs of cans and concentrates, staffing, and marketing.

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Investment Overview

Invested this round: $187,604

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
04/19/2022
Close Date
02/24/2023
Min. Goal
$50,000
Max Goal
$250,000
Min. Investment

$100

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$6,000,000

Discount

15%

Company & Team

Company

Year Founded
2021
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Location
Loveland, Colorado
Business Type
Growth
Company Website
Visit Website

Team

Employees
4
Prior Founder Exits?
No
Founder Name
Marc Brannigan
Title
CEO
Founder Name
Natalie Mondine
Title
COO, Creative Director

Financials

 Revenue
$1,230
 Monthly Burn
$5,136
 Runway
14.6 months
Gross Margin
50%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$1,230

$0

COGS

$615

$0

Tax

$0

$0

 

 

Net Income

$-61,635

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$75,000

$0

Accounts Receivable

$0

$0

Total Assets

$590,500

$0

Short-Term Debt

$89,750

$0

Long-Term Debt

$350,000

$350,000

Total Liabilities

$439,750

$350,000

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
02/24/2023 Wefunder $6,000,000 $187,604 SAFE Funded RegCF
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Add to portfolio
Diesel Beverages on Wefunder 2022
Platform: Wefunder
Security Type: SAFE
Valuation: $6,000,000

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Follow Diesel Beverages on Wefunder 2022

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

Diesel Beverages Deal Report

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