For Bitter For Worse
[Closed for Investment] For Bitter For Worse, with a valuation of $4 million, is raising funds on MicroVentures. The company makes non-alcoholic cocktails for discerning drinkers who are abstaining from alcohol. It uses high-quality ingredients to create layered and robust drinks without any natural or artificial additives. For Bitter For Worse reported revenue growth of 700% through July 2021 compared to the same period in 2020. Shelley Elkovich and Jeff Heglie founded For Bitter For Worse in December 2018. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $400,000. The campaign proceeds will be used for general marketing, equipment purchases, and future wages.
Investment Overview
Raised: $222,345
Deal Terms
Company & Team
Company
- Year Founded
- 2018
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Medium
- Capital Intensity
- Low
Financials
-
Revenue
- $98,266
- Monthly Burn
- $6,419
-
Runway
- 1.6 months
- Gross Margin
- 51%
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Company Funding & Growth
Funding history
Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
---|---|---|---|---|---|---|
04/18/2022 | Microventures | $4,000,000 | $222,345 | Convertible Note | Funded | RegCF |