Volley Tequila Seltzer
Early Stage
The clean tequila seltzer
Overview
Raised: $135,155
Total Commitments ($USD)
Platform
Republic
Start Date
02/27/2023
Close Date
04/27/2023
Min. Goal
$25,000
Max. Goal
$1,235,000
Min. Investment
$100
Security Type
SAFE
Series
Pre-Seed
SEC Filing Type
RegCF
Valuation Cap
$15,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/29/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$2,291
# of Investors
129
Momentum
Funded
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Year Founded
2019
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
Low
Volley Tequila Seltzer, with a valuation of $15 million, is raising funds on Republic. The company makes clean tequila seltzer using only three real ingredients. The seltzer of Volley Tequila Seltzer comes in a variety of flavors and is sugar-free and gluten-free. The business sells its products through Liquor Barn, Luke’s Liquor, Costco, Whole Foods, and Total Wine & More and is growing its chain presence. Christopher Wirth and Camila Soriano founded Volley Tequila Seltzer in June 2019. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1.24 million. The campaign proceeds will be used for marketing, HR, production, and working capital.
Summary Profit and Loss Statement
| FY 2021 | FY 2020 | |
|---|---|---|
|
Revenue |
$875,235 |
$427,012 |
|
COGS |
$567,391 |
$318,377 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-3,327,990 |
$-1,213,558 |
Summary Balance Sheet
| FY 2021 | FY 2020 | |
|---|---|---|
|
Cash |
$2,307,214 |
$1,794,482 |
|
Accounts Receivable |
$37,661 |
$62,297 |
|
Total Assets |
$4,258,428 |
$2,545,407 |
|
Short-Term Debt |
$348,299 |
$247,472 |
|
Long-Term Debt |
$0 |
$3,120,406 |
|
Total Liabilities |
$348,299 |
$3,367,878 |
Financials as of: 02/27/2023
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