The Plug Drink
[Closed for Investment] The Plug Drink, with a valuation of $20 million, is raising funds on ALAO Invest. The company makes and sells an all-natural plant-based functional recovery beverage with electrolytes. The formula of Plug Drink is a science-backed proprietary blend of 13 plants, flowers, and fruits and is designed to improve metabolism and optimize lifestyle and productivity levels. The Plug Drink generated $1.1 million in sales in 2021, up by 500% year-over-year. Ray Kim, Justin Kim, and Peter Kim founded The Plug Drink in April 2019. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1,070,000. The campaign proceeds will be used for team and human capital support, marketing and tradespend, and operating capital.
Investment Overview
Raised: $42,771
Deal Terms
Total Commitments ($USD)
- Platform
- Commonwealth
- Start Date
- 08/23/2022
- Close Date
- 12/23/2022
$25,000
$1,070,000
$100
SAFE
Seed
RegCF
$20,000,000
15%
Company & Team
Company
- Year Founded
- 2019
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2C
- Margin
- High
- Capital Intensity
- Low
Financials
- Revenue +361% YoY
- $1,005,238
- Monthly Burn
- $90,226
-
Runway
- 3.4 months
- Gross Margin
- 61%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $2,058,000
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 12/23/2022 | Commonwealth | $20,000,000 | $42,771 | SAFE | Funded | RegCF |