Drink Monday

Drink Monday

Growth Stage

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

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

Overview

Raised to Date:
$366,087 - RegCF
$426,089 - Total

Total Commitments ($USD)

Platform

SeedInvest

Start Date

06/02/2022

Close Date

06/27/2022

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)    Open SEC Filing

Price Per Share

$1.66

Pre-Money Valuation

$24,500,000

Rolling Commitments ($USD)

Status
Funded
Reporting Date

07/02/2022

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

Location

Carisbad, California

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: 06/02/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Drink Monday 08/28/2023 StartEngine $23,027,288 $381,073 Equity - Preferred Funded RegCF
Drink Monday 06/27/2022 SeedInvest $24,500,000 $426,089 Equity - Preferred Funded RegCF / RegD 506(c)
Drink Monday 04/07/2022 SeedInvest $24,500,000 $0 Equity - Preferred Not Funded RegCF / RegD 506(c)
Drink Monday 04/15/2021 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
Price per Share: $1.66

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

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