Ounce Water
Early Stage
Making healthy habits easier
Overview
Raised: $13,603
Total Commitments ($USD)
Platform
StartEngine
Start Date
08/31/2021
Close Date
03/02/2022
Min. Goal
$9,995
Max. Goal
$1,069,993
Min. Investment
$270
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$10.39
Pre-Money Valuation
$10,997,929
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
03/31/2022
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$74
# of Investors
23
Momentum
Not Funded
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Year Founded
2020
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Ounce Water, with a valuation of $11 million, is raising funds on StartEngine. The company makes healthy hydration easy with its innovative design and branding. The users do not need to put math into hydration; instead, just grab a bottle of Ounce Water and let the bottle tell how close they are to the daily hydration need. Ounce Water has grown its distribution channels from two to eleven in the past year and has retail partnerships with Stop & Shop, Lowes Foods, and Nugget Markets. Theo Rossi and Meghan Rossi founded Ounce Water in August 2020. The current crowdfunding campaign has a minimum target of $9,995.18 and a maximum target of $1,069,993.37. The campaign proceeds will be used for road mapping new and versatile products and entering new markets.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$121,994 |
$214,897 |
|
COGS |
$49,089 |
$132,396 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-389,113 |
$-327,791 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$77,694 |
$186 |
|
Accounts Receivable |
$24,098 |
$13,929 |
|
Total Assets |
$192,029 |
$67,990 |
|
Short-Term Debt |
$372,620 |
$411,369 |
|
Long-Term Debt |
$26,902 |
$0 |
|
Total Liabilities |
$399,522 |
$411,369 |
Financials as of: 08/31/2021
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