The Plug Drink
Growth Stage
THE 1ST PLANT-BASED RECOVERY DRINK
Overview
Raised: $42,771
Total Commitments ($USD)
Platform
ALAO Invest
Start Date
08/22/2022
Close Date
12/23/2022
Min. Goal
$25,000
Max. Goal
$1,070,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$20,000,000
Discount
15%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
12/30/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$351
Momentum
Funded
Create a free account today to gain access to KingsCrowd analytics.
Year Founded
2019
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
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.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$1,005,238 |
$217,942 |
|
COGS |
$391,277 |
$96,296 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-1,082,710 |
$-447,525 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$311,226 |
$21,268 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$483,125 |
$53,629 |
|
Short-Term Debt |
$127,158 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$127,158 |
$0 |
Financials as of: 08/22/2022
Create a free account today to gain access to KingsCrowd analytics.
Upgrade to gain access
Pay Monthly
Annually (Save 17%)
-
$25 /month
billed annually - Free portfolio tracking, data-driven ratings, AI analysis and reports
- Plan Includes:
- Everything in Free, plus
- Company specific
KingsCrowd ratings and analyst reports
- Deal explorer and side-by-side comparison
- Startup exit and failure tracking
- Startup market filters and historical industry data
- Advanced company search ( with ratings)
- Get Edge Annual
Edge
Already a member? Log in here.
Ratings 
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.