Drink Monday

Growth Stage

Drink delicious cocktails, socialize without stress, and wakeup hangover free.

Analytics

Raised to Date:
$359,775 - RegCF
$379,775 - Total

Aggregate Commitments $

Platform

SeedInvest

Start Date

06/03/2022

Close Date

07/02/2022

Min. Goal

$400,000

Max. Goal

$750,000

Min. Investment

$1,000

Security Type

Equity - Preferred

Funding Type

RegCF / RegD 506(c)

Series

Seed

Price Per Share

$1.66

Pre-Money Valuation

$24,500,000

Rolling Commitments $

Status

Active

Reporting Date

06/25/2022

Days Remaining

7

% of Min. Goal

90%

% of Max. Goal

48%

Likelihood of Max
unlikely
Avg. Daily Raise

$16,353

Momentum
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Location

Carisbad, California

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Business Type

Growth

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.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$3,473,326

$1,615,710

COGS

$2,129,443

$817,343

Tax

$0

$0

 

 

Net Income

$-1,024,486

$-82,319

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$480,430

$99,763

Accounts Receivable

$26,199

$3,600

Total Assets

$1,528,604

$240,381

Short-Term Debt

$524,509

$279,688

Long-Term Debt

$0

$0

Total Liabilities

$524,509

$279,688

Financials as of: 06/03/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Drink Monday 07/02/2022 SeedInvest $24,500,000 $379,775 Equity - Preferred Active RegCF / RegD 506(c)
Drink Monday 04/08/2022 SeedInvest $24,500,000 $0 Equity - Preferred Not Funded RegCF / RegD 506(c)
Drink Monday 04/16/2021 Republic $7,000,000 $856,423 SAFE Funded RegCF
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Drink Monday on SeedInvest 2022
$
Platform: SeedInvest
Security Type: Equity - Preferred
Valuation: $24,500,000
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