Wave Soda Company

Wave Soda Company

Closed: Apr. 2022

About this raise

Wave Soda Company, with a valuation of $18 million, is raising funds on StartEngine. The company makes happy and refreshing drinks with soda water, natural caffeine, and other natural ingredients. The unique formulation of Wave Sodas makes them a healthy alternative to traditional sodas with only 15-40 calories per can. Wave Soda Company launched its Cola soda in 2021 and is excited for the launch of the full line in 2022. Nat Noone and Bill Reed founded Wave Soda Company in August 2016. The current crowdfunding campaign has a minimum target of $9,997.20 and a maximum target of $999,997.20. The campaign proceeds will be used to launch new products and grow.

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Investment Overview

Invested this round: $76,162

Deal Terms

Total Commitments

Platform
StartEngine
Start Date
03/07/2022
Close Date
04/29/2022
Min. Goal
$9,997
Max Goal
$999,997
Min. Investment

$252

Security Type

Equity - Preferred

Company Stage

Growth Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$3.60

Pre-Money Valuation

$18,000,000

Company & Team

Company

Year Founded
2016
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Location
San Marcos, California
Business Type
Life Style
Company Website
Visit Website

Team

Employees
9
Prior Founder Exits?
No
Founder Name
Nat Noone
Title
CEO
Founder Name
William Reed
Title
CFO/COO

Financials

 Revenue +101% YoY
$1,170,195
 Monthly Burn
$168,315
 Runway
3.3 months
 Gross Margin
41%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$1,170,195

$583,238

COGS

$692,976

$905,282

Tax

$444

$2,013

 

 

Net Income

$-2,019,779

$-1,795,005

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$557,573

$45,541

Accounts Receivable

$106,150

$73,376

Total Assets

$1,600,219

$88,325

Short-Term Debt

$547,143

$398,980

Long-Term Debt

$5,258,954

$2,031,095

Total Liabilities

$5,806,097

$2,430,075

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$7,025,745
VC Backed?
Yes
Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/29/2022 StartEngine $18,000,000 $76,162 Equity - Preferred Funded RegCF
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Add to portfolio
Wave Soda Company on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Preferred
Valuation: $18,000,000
Price per Share: $3.60

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