Osena Spiked Coconut Water

Osena Spiked Coconut Water

Early Stage

Spiked coconut water brand advancing the better-for-you alcohol movement

Spiked coconut water brand advancing the better-for-you alcohol movement

Overview

Raised this Round: Raised: $3,950

Total Commitments ($USD)

Platform

Wefunder

Start Date

02/08/2023

Close Date

04/30/2023

Min. Goal
$50,000
Max. Goal
$1,235,000
Min. Investment

$100

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$5,000,000

Valuation Cap

$6,000,000

Discount

17%

Year Founded

2021

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Location

Hockessin, Delaware

Business Type

Growth

Osena Spiked Coconut Water, with a valuation of $6 million, is raising funds on Wefunder. The company makes and sells deliciously refreshing spiked coconut water as an evolution in better-for-you alcohol. Osena Spiked Coconut Water has multiple wholesalers and has established chain distribution in Wegmans, Total Wine, Shoprite, ACME, and Wine Outlet. The business generated $250,000 in revenue in 2021 and sold 1,600 units across 650 stores in a four-month summer pilot in 2021. Vicente Surraco and Chris Allen founded Osena Spiked Coconut Water in January 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.24 million. The campaign proceeds will be used for R&D for a variety pack development, marketing, and sales.

Summary Profit and Loss Statement

FY 2021 FY 2020

Revenue

$273,443

$999

COGS

$230,221

$3,217

Tax

$0

$0

 

 

Net Income

$-325,385

$-70,284

Summary Balance Sheet

FY 2021 FY 2020

Cash

$34,900

$138,214

Accounts Receivable

$8,969

$0

Total Assets

$154,999

$238,503

Short-Term Debt

$119,909

$5,777

Long-Term Debt

$0

$0

Total Liabilities

$119,909

$5,777

Financials as of: 02/08/2023
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Osena Spiked Coconut Water 04/29/2023 Wefunder $6,000,000 $3,950 SAFE Not Funded RegCF
Osena Spiked Coconut Water 11/22/2022 SeedInvest $6,000,000 $114,200 SAFE Not Funded RegCF / RegD 506(c)
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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.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Osena Spiked Coconut Water on Wefunder 2023
Platform: Wefunder
Security Type: SAFE
Valuation: $6,000,000

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