Volley Tequila Seltzer

Volley Tequila Seltzer

Closed: Apr. 2023

About this raise

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.

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Investment Overview

Invested this round: $135,155

Deal Terms

Total Commitments

Platform
Republic
Start Date
02/28/2023
Close Date
04/28/2023
Min. Goal
$25,000
Max Goal
$1,235,000
Min. Investment

$100

Security Type

SAFE

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$15,000,000

Discount

0%

Company & Team

Company

Year Founded
2019
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
Low
Location
Charleston, South Carolina
Business Type
Growth
Company Website
Visit Website

Team

Employees
2
Prior Founder Exits?
No
Founder Name
Christopher Wirth
Title
CEO
Founder Name
Camila Soriano
Title
CFO

Financials

 Revenue +51% YoY
$875,235
as of FY2021
 Monthly Burn
$277,333
as of FY2021
 Runway
8.3 months
as of FY2021
 Gross Margin
35%
as of FY2021

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

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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
04/28/2023 Republic $15,000,000 $135,155 SAFE Funded RegCF
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Volley Tequila Seltzer on Republic 2023
Platform: Republic
Security Type: SAFE
Valuation: $15,000,000

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