Drink Monday
Growth Stage
Drink delicious cocktails, socialize without stress, and wakeup hangover free.
Overview
$366,087 - RegCF
$426,089 - Total
$426,089 - Total
Total Commitments ($USD)
Platform
SeedInvest
Start Date
06/03/2022
Close Date
06/28/2022
Min. Goal
$400,000
Max. Goal
$750,000
Min. Investment
$1,000
Security Type
Equity - Preferred
Series
Seed
SEC Filing Type
RegCF
/ RegD 506(c)
Price Per Share
$1.66
Pre-Money Valuation
$24,500,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
07/03/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$14,643
Momentum
Funded
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Year Founded
2019
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
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 | 08/29/2023 | StartEngine | $23,027,288 | $381,073 | Equity - Preferred | Funded | RegCF |
| Drink Monday | 06/28/2022 | SeedInvest | $24,500,000 | $426,089 | Equity - Preferred | Funded | 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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