True Nopal
About this raise: True Nopal, with a valuation of $7.5 million, is raising funds on StartEngine. It is one of the top-selling cactus water brands globally. True Nopal is the creator of The Original Cactus Water, which is made with the fruit of the prickly pear cactus. The cactus water of True Nopal is low-calorie, all-natural, and a good source of electrolytes, magnesium, and potassium. The product is currently available in Whole Foods, Sprouts, and Walmart and plans to expand to major retailers like Safeway, Kroger, Club, and C-stores soon. Tom Zummo founded True Nopal in August 2024. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $1.24 million. The campaign proceeds will be used for research and development, inventory, company employment, and working capital.
Investment Overview
Not Funded: $5,294
Deal Terms
Total Commitments ($USD)
- Platform
- StartEngine
- Start Date
- 08/16/2024
- Close Date
- 11/13/2024
$15,000
$1,235,000
$500
Equity - Common
Pre-Seed
RegCF
$2.50
$7,500,000
Company & Team
Company
- Year Founded
- 2024
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2B2C
- Margin
- Medium
- Capital Intensity
- Low
Financials
- Revenue -5.6% YoY
- $1,411,895
- Monthly Burn
- $6,600
-
Runway
- 6.6 months
- Gross Margin
- 49%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $0
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 11/13/2024 | StartEngine | $7,500,000 | $5,294 | Equity - Common | Not Funded | RegCF |