Modica

Modica

Early Stage

Modica is the world's first Superfood Cocktail and Mocktail Mix!

Modica is the world's first Superfood Cocktail and Mocktail Mix!

Overview

Raised this Round: Raised: $53,100

Total Commitments ($USD)

Platform

Wefunder

Start Date

08/21/2022

Close Date

04/30/2023

Min. Goal
$50,000
Max. Goal
$250,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$5,000,000

Discount

20%

Year Founded

2017

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

Low

Location

Louisville, Kentucky

Business Type

Growth

Modica, with a valuation of $5 million, is raising funds on Wefunder. The company makes the world’s first superfood cocktail and mocktail mixes. The mixes of Modica are all-natural, low in sugar, and fortified with vitamins and antioxidants. The current flavors of Modica include the Turmeric Ginger Mule, Tart Cherry Old Fashioned, and Cucumber Aloe Margarita. The company has partnered with a distributor and entered over 50 stores. Eric Wentworth and Jd Mitchell founded Modica in September 2017. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $250,000. The campaign proceeds will be used for hiring, marketing, operations, and R&D.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$76,207

$14,308

COGS

$62,533

$26,132

Tax

$0

$0

 

 

Net Income

$-18,371

$-29,580

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$23,584

$16,692

Accounts Receivable

$948

$3,581

Total Assets

$52,021

$59,459

Short-Term Debt

$56,028

$40,401

Long-Term Debt

$40,457

$45,151

Total Liabilities

$96,485

$85,552

Financials as of: 08/21/2022
Create a free account today to gain access to KingsCrowd analytics.

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$25 /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
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.
Add to portfolio
Modica on Wefunder 2022
Platform: Wefunder
Security Type: SAFE
Valuation: $5,000,000

Follow company

Follow Modica on Wefunder 2022

Buy Modica's Deal Report

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

Modica Deal Report

Get KingsCrowd’s comprehensive report on Modica including:

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

Buy the Modica deal report for only $10!

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