Wave Soda Company
Growth Stage
Redefining soda for the next generation.
Overview
Raised: $76,162
Total Commitments ($USD)
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
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$3.60
Pre-Money Valuation
$18,000,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
05/01/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,437
# of Investors
59
Momentum
Funded
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Year Founded
2016
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
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.
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 |
Financials as of: 03/07/2022
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