Diesel Beverages
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.
Investment Overview
Invested $187,604 :
Deal Terms
Company & Team
Company
- Year Founded
- 2021
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Medium
- Capital Intensity
- Low
Financials
-
Revenue
- $1,230
- Monthly Burn
- $5,136
-
Runway
- 14.6 months
- Gross Margin
- 50%
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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 |