Spero CBD

Spero CBD

Closed: Oct. 2020

About this raise

Spero CBD, with a valuation cap of $6 million, is raising funds on StartEngine. The company offers high-quality, premium, and consistent CBD products to the market. The products of Spero CBD include oil-based tinctures, gel caps, and pet products, and all the products are THC free and organically produced. Spero CBD was founded by David Allred, Tim Handley, Justin Jarin, Christine Gutleben, Mike Van Der Heijden, Lyndsey Jordan, Ashley Rocha, and Aline Garcia, and has already raised over $50,000 from the founders. The current crowdfunding round has a minimum goal of $10,000 and a maximum goal of $1,070,000. The products of Spero CBD appeal to a varied demographic and are soon to include skin products, vape cartridges, and CBD water for pets.

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Investment Overview

Invested this round: $1,069,877

Deal Terms

Total Commitments

Platform
StartEngine
Start Date
07/16/2019
Close Date
10/13/2020
Min. Goal
$10,000
Max Goal
$1,070,000
Min. Investment

$250

Security Type

Convertible Note

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$6,000,000

Discount

20%

Company & Team

Company

Year Founded
2018
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
High
Location
Oakland, California
Business Type
Life Style
Company Website
Visit Website

Team

Employees
8
Founder Name
David Allred
Title
Director of Operations and Online Sales
Founder Name
Christine Gutleben
Title
Co-Founder
Founder Name
Justin Jarin
Title
Co-Founder

Financials

 Revenue
$140
 Monthly Burn
$2,380
 Runway
0.1 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$140

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-28,565

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$249

$0

Accounts Receivable

$0

$0

Total Assets

$249

$0

Short-Term Debt

$0

$0

Long-Term Debt

$28,815

$0

Total Liabilities

$28,815

$0

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
10/13/2020 StartEngine $6,000,000 $1,069,877 Convertible Note Funded RegCF
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Add to portfolio
Spero CBD on StartEngine
Platform: StartEngine
Security Type: Convertible Note
Valuation: $6,000,000

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

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