NITRO Beverage

NITRO Beverage

Early Stage

DRINK DIFFERENT. DRINK NITRO.

DRINK DIFFERENT. DRINK NITRO.

Overview

Raised this Round: Raised: $227,639

Total Commitments ($USD)

Platform

StartEngine

Start Date

11/16/2022

Close Date

04/17/2023

Min. Goal
$10,000
Max. Goal
$1,234,999
Min. Investment

$250

Security Type

Equity - Preferred

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.07

Pre-Money Valuation

$11,401,951

Year Founded

2016

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Location

Asbury Park, New Jersey

Business Type

Growth

NITRO Beverage, with a valuation of $11.4 million, is raising funds on StartEngine. The business uses the power of nitrogen to create an exciting drinking experience. NITRO Beverage has its coffee drinks in the market and recently introduced NITRO Kombucha to the beverages market. NITRO Beverage products have a loyal customer base and are available in over 1,500 stores nationwide at major retailers, including Whole Foods Market, 7-11, and ShopRite Stores. Mike D’Amico, Kareem Elhamasy, and Paolo D’Amico founded NITRO Beverage in August 2016. The current crowdfunding campaign has a minimum target of $9,999.99 and a maximum target of $1.23 million. The campaign proceeds will be used for product innovations, manufacturing, marketing, and expansion in domestic and international markets.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$814,900

$656,247

COGS

$663,353

$568,441

Tax

$0

$0

 

 

Net Income

$-1,073,409

$-216,370

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$39,428

$138,402

Accounts Receivable

$51,526

$46,050

Total Assets

$196,831

$240,963

Short-Term Debt

$52,838

$330,214

Long-Term Debt

$62,417

$334,558

Total Liabilities

$115,255

$664,772

Financials as of: 11/16/2022
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
NITRO Beverage on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Preferred
Valuation: $11,401,951
Price per Share: $0.07

Follow company

Follow NITRO Beverage on StartEngine 2022

Buy NITRO Beverage's Deal Report

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

NITRO Beverage Deal Report

Get KingsCrowd’s comprehensive report on NITRO Beverage including:

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

Buy the NITRO Beverage deal report for only $10!

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