Kombucha Town

Growth Stage

Living beverages for a better world

Analytics

Raised to Date: Raised: $113,142

Aggregate 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

Funding Type

RegCF

Series

Seed

Valuation Cap

$20,000,000

Discount Rate

15%

Rolling Commitments $

Status
Funded
Reporting Date

01/31/2021

Days Remaining
Funded
% of Min. Goal

1,131%

% of Max. Goal

11%

Likelihood of Max
Funded
Avg. Daily Raise

$754

# of Investors

165

Momentum
Funded
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Location

Bellingham, Washington

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

High

Business Type

Growth

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.

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

Financials as of: 08/14/2020
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Kombucha Town 04/24/2023 Republic $5,500,000 $58,750 SAFE Active RegCF
Kombucha Town 01/11/2021 StartEngine $20,000,000 $113,142 Convertible Note Funded RegCF
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Kombucha Town on StartEngine
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Platform: StartEngine
Security Type: Convertible Note
Valuation: $20,000,000
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