LIXIR
About this raise
LIXIR, with a valuation of $6.8 million, is raising funds on Wefunder. The company is revolutionizing the alcohol industry with its honey-based spritz for a better-for-you experience. LIXIR is bringing back the tradition of mead making in a modern way and using fermented honey to create something new and tasty. The drinks are based on a low-calorie formula and are launching in new markets with partnerships with major retailers and distributors. Collin McKenna founded LIXIR in April 2022. The current crowdfunding campaign has a minimum target of $50,003 and a maximum target of $1.24 million. The campaign proceeds will be used for inventory, COGS improvements, sales team expansion, marketing, and safety margin.
Investment Overview
Invested : $99,558
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 11/15/2024
- Close Date
- 05/01/2025
$50,003
$1,235,000
$200
Equity - Common
Early Stage
RegCF
/ RegD 506(c)
$6.06
$5,462,152
$6,824,875
Company & Team
Company
- Year Founded
- 2022
- Industry
- Alcohol, Tobacco, & Recreational Drugs
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Medium
- Capital Intensity
- Low
Financials
-
Revenue
-
$3,308
as of FY2024
- Monthly Burn
-
$9,000
as of Nov '24
-
Runway
-
11.1 months
as of Nov '24
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $605,004
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 05/01/2025 | Wefunder | $6,824,875 | $99,558 | Equity - Common | Funded | RegCF / RegD 506(c) |