Elixir Kombucha

Elixir Kombucha

Closed: Sep. 2023

About this raise

Elixir Kombucha, with a valuation of $6 million, is raising funds on Wefunder. It is an award-winning craft kombucha company that makes and sells bubbly, delicious, and gut-friendly kombucha. The beverages of Elixir Kombucha are full of flavor, packed with benefits, and never pasteurized to retain the benefits of live probiotics and organic acids. Elixir Kombucha has established strategic partnerships with Whole Foods, Creation Gardens, US Foods, and Green District and has a 90% reorder rate with retailers. Corey Wood and Danielle Wood founded Elixir Kombucha in December 2015. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1 million. The campaign proceeds will be used for business operations, research and development, marketing and advertising, and legal and professional fees.

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Investment Overview

Invested this round: $212,250

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
11/22/2022
Close Date
10/01/2023
Min. Goal
$50,000
Max Goal
$1,000,000
Min. Investment

$100

Security Type

SAFE

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$6,000,000

Discount

0%

Company & Team

Company

Year Founded
2015
Industry
Food, Beverage, & Restaurants
Tech Sector
Foodtech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Location
Louisville, Kentucky
Business Type
Growth
Company Website
Visit Website

Team

Employees
4
Prior Founder Exits?
No
Founder Name
Corey Wood
Title
CEO
Founder Name
Danielle Wood
Title
CPO

Financials

 Revenue -5.3% YoY
$125,741
as of FY2022
 Monthly Burn
$1,668
as of FY2022
 Cash on Hand
$227,860
as of FY2022
 Gross Margin
70%
as of FY2022

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$179,170

$125,741

COGS

$53,700

$43,846

Tax

$2,450

$5,766

 

 

Net Income

$-20,013

$44,209

Summary Balance Sheet

FY 2022 FY 2021

Cash

$227,860

$23,432

Accounts Receivable

$11,942

$2,216

Total Assets

$239,802

$25,648

Short-Term Debt

$11,597

$9,757

Long-Term Debt

$266,340

$31,351

Total Liabilities

$277,937

$41,108

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$220,000
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
10/01/2023 Wefunder $6,000,000 $212,250 SAFE Funded RegCF
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Elixir Kombucha on Wefunder 2022
Platform: Wefunder
Security Type: SAFE
Valuation: $6,000,000

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