This company is no longer in business. Investors can get details about any potential exits or failures here.

Elegance Brands

Elegance Brands

[Closed for Investment] Elegance Brands is raising funds on Dalmore Group through Reg A+ crowdfunding. It is a global beverage company with a focus on hemp and CBD-based energy drinks and premium and luxury spirits. The brands under Elegance Brands include Gorilla Hemp Energy Drink, VOCO RTD Cocktails, Sway Energy Drink, Bittertales Aromatic Bitters, and Elegance Vodka. Amit Raj Beri founded Elegance Brands in October 2017. The current crowdfunding campaign has no minimum target and a maximum target of $50,000,000. The campaign proceeds will be used for marketing, consulting, travel, utilities, hiring quality control staff, product development, rent and warehousing, and working capital.

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Investment Overview

Funding data not publicly available

Deal Terms

Platform
Dalmore Group
Start Date
08/02/2018
Close Date
Not Provided
Min. Goal
$250
Max. Goal
$50,000,000
Min. Investment

$250

Security Type

Equity - Common

SEC Filing Type

RegA+    Open SEC Filing

Price Per Share

$10.00

Company & Team

Company

Year Founded
2017
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Location
Beverly Hills, California
Company Website
Visit Website

Team

Employees
4

Funding data not publicly available

Financials

 Revenue
$0
 Monthly Burn
$129
 Runway
24+ months

Balance Sheet

Cash and Cash Equivalents

$73,492

Accounts and Notes Receivable

$60,510

Property, Plant and Equipment (PP&E)

$25,000

Total Assets

$159,002

Accounts Payable & Accrued Liabilities

$149,800

Total Liabilities

$149,800

Total Stockholders' Equity

$9,202

Total Liabilities and Equity

$159,002

Statement of Comprehensive Income Information

Costs & Expenses Applicable to Rev

$1,548

Net Income

$-1,548

Earnings Per Share - Basic

$0.00

Earnings Per Share - Diluted

$0.00

Auditor: Spiegel Accountancy Corp.
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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
12/31/2019 Dalmore Group - - Equity - Common Not Funded RegA+
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Elegance Brands on Dalmore Group 2018
Platform: Dalmore Group
Security Type: Equity - Common
Price per Share: $10.00

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

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