N1CE

N1CE

Frozen cocktails from superstar DJs Ingrosso, Axwell & Alesso

Frozen cocktails from superstar DJs Ingrosso, Axwell & Alesso

Overview

Raised this Round: Raised: $177,232

Platform

Wefunder

Start Date

08/23/2016

Close Date

11/30/2016

Min. Goal
$50,000
Max. Goal
$500,000
Min. Investment

$100

Security Type

Revenue Share

SEC Filing Type

RegCF    Open SEC Filing

Return Multiple

2.00X

Year Founded

2015

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Location

Wilmington, Delaware

N1CE is raising funds on Wefunder. The company makes and sells a variety of frozen cocktails. N1CE cocktails are created by superstar DJs Ingrosso, Axwell, and Alesso and include four classic cocktail flavors, including Pina Colada, Daiquiri, Mojito, and Margarita. The business has expanded distribution to nine countries so far in 2016, with a Q1 sales volume of 250,000 units and a Q2 sales volume of 1.25 million units. Sebastian Ingrosso and Jimmy Dymott founded N1CE in September 2015. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $500,000. The campaign proceeds will be used for further expansion of organizational structure, accelerated revenue growth, marketing, and legal fees.

Summary Profit and Loss Statement

FY 2015 FY 2014

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-18,745

$0

Summary Balance Sheet

FY 2015 FY 2014

Cash

$1,255

$0

Accounts Receivable

$0

$0

Total Assets

$1,255

$0

Short-Term Debt

$0

$0

Long-Term Debt

$1,255

$0

Total Liabilities

$1,255

$0

Financials as of: 08/23/2016
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
N1CE 11/29/2016 Wefunder - $177,232 Revenue Share Funded RegCF
N1CE 07/27/2016 Wefunder $20,000,000 $101,386 SAFE Funded RegCF
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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.

Employee History

Funding data not publicly available

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N1CE on Wefunder 2016
Platform: Wefunder
Security Type: Revenue Share

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