Drink Monday (2022)
About this raise
Drink Monday, with a valuation of $24.5 million, is raising funds on SeedInvest. The company makes non-alcoholic cocktails that give a look, feel and taste of adult beverages. The healthy and tasty beverages of Drink Monday work great for health-conscious consumers without putting tomorrow at risk. Drink Monday has generated $6 million in lifetime sales and has been featured in Forbes, Vogue, and HuffPost. Chris Boyd, Ben Acott, Marcelo Kertesz, Ryan Mulvany, Tonya Wearner, and Brad Seipp founded Drink Monday in June 2019. The current crowdfunding campaign has a minimum target of $400,000 and a maximum target of $750,000. The campaign proceeds will be used for brick-and-mortar expansion, digital growth and marketing, and research and development.
Investment Overview
$426,089 - Total
Deal Terms
Total Commitments
- Platform
- SeedInvest
- Start Date
- 06/03/2022
- Close Date
- 06/28/2022
$400,000
$750,000
$1,000
Equity - Preferred
Seed
RegCF
/ RegD 506(c)
$1.66
$24,500,000
Company & Team
Company
- Year Founded
- 2019
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Medium
- Capital Intensity
- High
Team
- Employees
- 8
- Prior Founder Exits?
- Yes
- Founder Name
- Ben Acott
- Title
- CMO
- Founder Name
- Bradley Seipp
- Title
- Member of Board of Directors
- Founder Name
- Chris Boyd
- Title
- CEO
- Founder Name
- Marcelo Kertesz
- Title
- Chief Creative
- Founder Name
- Ryan Mulvany
- Title
- Amazon Channel Lead
- Founder Name
- Tonya Wearner
- Title
- Advisor
Financials
- Revenue +115% YoY
- $3,473,326
- Monthly Burn
- $85,374
-
Runway
- 5.6 months
- Gross Margin
- 39%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $2,073,453
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 08/29/2023 | StartEngine | $23,027,288 | $381,073 | Equity - Preferred | Funded | RegCF |
| 06/28/2022 | SeedInvest | $24,500,000 | $426,089 | Equity - Preferred | Funded | RegCF / RegD 506(c) |
| 04/08/2022 | SeedInvest | $24,500,000 | $0 | Equity - Preferred | Not Funded | RegCF / RegD 506(c) |
| 04/16/2021 | Republic | $7,000,000 | $856,423 | SAFE | Funded | RegCF |
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
Price per Share History
Note: Share prices shown in earlier rounds may not be indicative of any stock splits.