Kombucha Town (2021)

Kombucha Town (2021)

About this raise

Kombucha Town, with a valuation cap of $20 million, is raising funds on StartEngine. The company brews energising drinks, including live seltzer and kombucha drinks. The drinks are packaged in cans to make them on-the-go and easy on the Earth. Chris McCoy founded Kombucha Town in 2011. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1,070,000, and the proceeds will be used to make the products available to a larger audience through online and quality retailers. Kombucha Town drinks are healthy and delicious, and the products are available in 1,600 stores in 24 states. The company generated $1.4 million in sales for the period ended in August 2020.

Expand

Investment Overview

Invested this round: $113,142

Deal Terms

Total Commitments

Platform
StartEngine
Start Date
08/14/2020
Close Date
01/11/2021
Min. Goal
$10,000
Max Goal
$1,070,000
Min. Investment

$250

Security Type

Convertible Note

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$20,000,000

Discount

15%

Company & Team

Company

Year Founded
2011
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
High
Location
Bellingham, Washington
Business Type
Growth
Company Website
Visit Website

Team

Employees
10
Founder Name
Chris McCoy
Title
CEO

Financials

 Revenue -15.4% YoY
$1,221,069
 Monthly Burn
$718
 Runway
24+ months
Gross Margin
59%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$1,221,069

$1,443,069

COGS

$494,640

$914,893

Tax

$43,979

$47,169

 

 

Net Income

$-8,616

$-79,343

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$159,736

$138,213

Accounts Receivable

$80,262

$3,669

Total Assets

$2,071,207

$1,913,714

Short-Term Debt

$331,301

$356,456

Long-Term Debt

$1,372,325

$1,206,216

Total Liabilities

$1,703,626

$1,562,672

Create a free account today to gain access to Kingscrowd analytics and financials.

Upgrade to gain access

Pay Monthly
Annually (2 months free)

Edge

$12.50 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific Kingscrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.

Ratings Kingscrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars

Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
02/28/2023 Republic $5,500,000 $62,500 SAFE Funded RegCF
01/11/2021 StartEngine $20,000,000 $113,142 Convertible Note Funded RegCF
Create a free account today to gain access to Kingscrowd analytics.

Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Employee History

Founders: enhance your startup's credibility on Kingscrowd. Create an account to claim this raise page.
Add to portfolio
Kombucha Town on StartEngine
Platform: StartEngine
Security Type: Convertible Note
Valuation: $20,000,000

Follow company

Follow Kombucha Town on StartEngine

Buy Kombucha Town's Deal Report

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

Kombucha Town Deal Report

Get Kingscrowd's comprehensive report on Kombucha Town including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether Kombucha Town is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the Kombucha Town deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge