System Seltzers
About this raise
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.
Investment Overview
Invested : $121,000
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 03/28/2022
- Close Date
- 11/02/2022
$50,000
$1,070,000
$250
SAFE
Early Stage
RegCF
$7,500,000
20%
Company & Team
Company
- Year Founded
- 2021
- Industry
- Alcohol, Tobacco, & Recreational Drugs
- Tech Sector
- Distribution Model
- B2C
- Margin
- Medium
- Capital Intensity
- Low
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $175,000
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 11/02/2022 | Wefunder | $7,500,000 | $121,000 | SAFE | Funded | RegCF |