TOST Beverages

TOST Beverages

Closed: Sep. 2021

About this raise

TOST Beverages, with a $12 million valuation cap, is raising crowdfunding on Republic. The company makes non-alcoholic beverages that everyone can enjoy everywhere to celebrate the special moments inclusively and positively. The beverages of TOST Beverages are currently available in two flavors: TOST and TOST ROSE. Brooks Addington founded TOST Beverages in 2014. The proceeds of the current crowdfunding round, with a minimum raise of $25,000 and a maximum raise of $1,070,000, will be used for talent acquisition, partner expansion, product development, inventory management, PR and social media, and working capital. TOST Beverages generated a revenue of over $1 million in the last ten months. The revenue of the company grew 4.1 times from the first quarter of 2020 to the same period in 2021.

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Investment Overview

Invested this round: $373,633

Deal Terms

Total Commitments ($USD)

Platform
Republic
Start Date
04/29/2021
Close Date
09/30/2021
Min. Goal
$25,000
Max Goal
$1,070,000
Min. Investment

$150

Security Type

SAFE

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$12,000,000

Discount

0%

Company & Team

Company

Year Founded
2014
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Location
Manchester Center, New York
Business Type
Growth
Company Website
Visit Website

Team

Employees
1
Prior Founder Exits?
No
Founder Name
Brooks Addington
Title
CEO
Founder Name
Mark Hyatt
Title
CMO

Financials

 Revenue +90% YoY
$760,581
 Monthly Burn
$16,098
 Runway
2.5 months
Gross Margin
30%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$760,581

$401,012

COGS

$529,465

$304,608

Tax

$0

$0

 

 

Net Income

$-193,179

$-151,198

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$39,901

$169,513

Accounts Receivable

$98,529

$65,062

Total Assets

$503,717

$460,764

Short-Term Debt

$198,432

$98,395

Long-Term Debt

$222,000

$222,000

Total Liabilities

$420,432

$320,395

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
09/30/2021 Republic $12,000,000 $373,633 SAFE Funded RegCF
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Add to portfolio
TOST Beverages on Republic
Platform: Republic
Security Type: SAFE
Valuation: $12,000,000

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