Stay Cool
About this raise
Stay Cool, with a valuation cap of $4 million, is raising funds on WeFunder. The company manufactures and sells relaxation beverages that help in reducing stress, providing sleep support, improving clarity and well being, and promoting sociability. In addition to the Kava beverages, Stay Cool is soon to introduce CBD products including beverages, edible gummies, calming balm, and pet soft chews. Stay Cool was founded by Tyler Adkins and Steven Wiggins, and has raised over $85,000 since its founding. The proceeds of the current round of crowdfunding, with a minimum goal of $50,000 and a maximum goal of $1,070,000, will be used towards production runs, business development, marketing, and salaries and wages. Stay Cool has partnered with three distributors and has already sold more than 55,000 bottles in over 40 states across the US.
Investment Overview
Not Funded: $7,121
Deal Terms
Total Commitments ($USD)
- Platform
- Wefunder
- Start Date
- 01/02/2020
- Close Date
- 04/29/2020
$50,000
$1,070,000
$100
SAFE
Seed
RegCF
$4,000,000
10%
Company & Team
Company
- Year Founded
- 2017
- Industry
- Alcohol, Tobacco, & Recreational Drugs
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- High
- Capital Intensity
- Low
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Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 04/29/2020 | Wefunder | $4,000,000 | $7,121 | SAFE | Not Funded | RegCF |