Local Roots Kombucha
About this raise
Local Roots Kombucha, with a pre-money valuation of $42.4 million, is raising funds on StartEngine. The business makes bold hard kombucha which pushes the boundaries for the next-gen, better-for-you alcohol. The hard kombucha of Local Roots Kombucha is all-organic, plant-based, functional, and great tasting. Joe Carmichael and Ryan White founded Local Roots Kombucha in January 2017. The proceeds of the current crowdfunding round, with a minimum raise of $9,999 and a maximum raise of $1,069,999, will be used for marketing, innovation, and expansion. Local Roots Kombucha has grown from number 5 to number 2 in category growth and up by 284% since COVID.
Investment Overview
Invested : $363,907
Deal Terms
Total Commitments ($USD)
- Platform
- StartEngine
- Start Date
- 06/08/2021
- Close Date
- 12/06/2021
$9,999
$1,070,000
$247
Equity - Common
Seed
RegCF
$2.63
$42,385,853
Company & Team
Company
- Year Founded
- 2017
- Industry
- Alcohol, Tobacco, & Recreational Drugs
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Medium
- Capital Intensity
- High
Financials
- Revenue +217% YoY
- $1,793,488
- Monthly Burn
- $145,960
-
Runway
- 2.2 months
- Gross Margin
- 31%
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Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 12/06/2021 | StartEngine | $42,385,853 | $363,907 | Equity - Common | Funded | RegCF |