System Seltzers
Early Stage
The industries first variety pack with both alcoholic and non-alcoholic options
Overview
Raised: $121,000
Total Commitments ($USD)
Platform
Wefunder
Start Date
03/27/2022
Close Date
11/02/2022
Min. Goal
$50,000
Max. Goal
$1,070,000
Min. Investment
$250
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$7,500,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
11/29/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$553
# of Investors
57
Momentum
Funded
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Year Founded
2021
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
System Seltzers, with a valuation of $7.5 million, is raising funds on Wefunder. The company makes and sells seltzers in variety packs with both alcoholic and non-alcoholic options. Each pack contains three different alcohol-by-volume (ABV) levels so that there is something for everyone. System Seltzers is working on inclusivity and has been featured in Forbes. Anthony Spina and Matt Sievers founded System Seltzers in April 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1,070,000. The campaign proceeds will be used for COGS, operating capital, and marketing.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-202,660 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$43,000 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$79,570 |
$0 |
|
Short-Term Debt |
$107,230 |
$0 |
|
Long-Term Debt |
$175,000 |
$0 |
|
Total Liabilities |
$282,230 |
$0 |
Financials as of: 03/27/2022
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