NXT Water

Early Stage

Innovators in Science-Backed Ultra Functional Beverages: CBD & Plant Powered Hydration

Analytics

Raised to Date: Raised: $48,550

Aggregate Commitments $

Platform

Wefunder

Start Date

12/14/2021

Close Date

04/18/2022

Min. Goal

$75,000

Max. Goal

$1,000,000

Min. Investment

$100

Security Type

Convertible Note

Funding Type

RegCF

Series

Pre-Seed

Valuation Cap

$10,000,000

Discount Rate

20%

Rolling Commitments $

Status
Funded
Reporting Date

04/30/2022

Days Remaining
Funded
% of Min. Goal

65%

% of Max. Goal

5%

Likelihood of Max
Funded
Avg. Daily Raise

$388

Momentum
Funded
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Location

Las Vegas, Nevada

Industry

Food, Beverage, & Restaurants

Tech Sector

Foodtech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Business Type

Growth

NXT Water, Makers of Akeso, with a valuation of $10,000,00, is raising funds on Wefunder. The company are innovators in science-backed ultra-functional beverages: CBD & plant powered hydration. NXT Water developed an Immunity and Endurance product (no CBD) with more potency of Zinc & Vitamin D than any other beverage on the market. And, they have created the first beverage to provide 100% transparency via blockchain platform. The current crowdfunding campaign has a minimum target of $75,000 and a maximum target of $1,000,000. The campaign proceeds will be used for sales and marketing, point of sale materials and sampling, product/working capital and operating expenses.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$21,099

$26,189

COGS

$8,171

$58,722

Tax

$0

$0

 

 

Net Income

$-637,224

$-317,501

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$21,724

$921

Accounts Receivable

$13,942

$1,906

Total Assets

$98,213

$2,827

Short-Term Debt

$357,129

$357,129

Long-Term Debt

$877,900

$297,900

Total Liabilities

$1,235,029

$655,029

Financials as of: 12/14/2021
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NXT Water on Wefunder 2021
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Platform: Wefunder
Security Type: Convertible Note
Valuation: $10,000,000

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