Peak Cocktails
About this raise
Peak Cocktails, with a valuation of $7.2 million, is raising funds on Wefunder. The business makes non-alcoholic cocktails for athletes and active people. Peak Cocktails uses clinically tested ingredients and techniques of master mixologists to create cocktails that enhance the non-alcoholic drinking experience. The business has generated $600,000 in revenue with a 70% gross margin and 50% sales from repeat buyers. Ian Cross founded Peak Cocktails in December 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $124,000. The campaign proceeds will be used for inventory, marketing, operations, and general and administrative expenses.
Investment Overview
Invested : $62,586
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 03/28/2024
- Close Date
- 09/22/2024
$50,000
$1,000,000
$100
SAFE
Early Stage
RegCF
$6,500,000
$7,200,000
5%
Company & Team
Company
- Year Founded
- 2021
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- Low
Financials
-
Revenue
-
$30,497
as of FY2023
- Monthly Burn
-
$13,491
as of FY2023
-
Runway
-
2.2 months
as of FY2023
- Gross Margin
-
12%
as of FY2023
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $0
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 09/22/2024 | Wefunder | $7,200,000 | $62,586 | SAFE | Funded | RegCF |