WithCo

WithCo

Closed: Apr. 2023

About this raise

WithCo, with a valuation of $17 million, is raising funds on Wefunder. The company makes functional mixes using real botanicals and fresh juices. The juices of WithCo are free of preservatives, additives, and concentrates and can be mixed with spirits or soda. WithCo has served in NFL, NHL, and MLB stadiums and has generated $6 million in revenue in three years. The business currently has distribution deals with CVS and Target and is in conversations with Kroger, Wegmans, Walmart, Sprouts, and CostCo. Joshua Ellis founded WithCo in September 2015. The current crowdfunding campaign has a minimum target of $50,012 and a maximum target of $499,991. The campaign proceeds will be used for marketing, personnel, and loan payoff.

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Investment Overview

Invested this round: $183,972

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
02/27/2023
Close Date
04/30/2023
Min. Goal
$50,012
Max Goal
$499,991
Min. Investment

$100

Security Type

Equity - Common

Company Stage

Growth Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$18.64

Pre-Money Valuation

$17,000,045

Company & Team

Company

Year Founded
2015
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Location
Nashville, Tennessee
Business Type
Growth
Company Website
Visit Website

Team

Employees
9
Prior Founder Exits?
No
Founder Name
Joshua Ellis
Title
CEO
Founder Name
Bradley Ryan
Title
Chief Product Officer

Financials

 Revenue +151% YoY
$2,658,040
as of FY2021
 Monthly Burn
$23,732
as of FY2021
 Runway
2.6 months
as of FY2021
 Gross Margin
39%
as of FY2021

Summary Profit and Loss Statement

FY 2021 FY 2020

Revenue

$2,658,040

$1,059,100

COGS

$1,611,230

$649,976

Tax

$0

$0

 

 

Net Income

$-284,787

$-34,029

Summary Balance Sheet

FY 2021 FY 2020

Cash

$61,848

$75,474

Accounts Receivable

$34,788

$34,451

Total Assets

$275,961

$206,588

Short-Term Debt

$335,036

$183,268

Long-Term Debt

$89,619

$75,287

Total Liabilities

$424,655

$258,555

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$750,000
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/30/2023 Wefunder $17,000,045 $183,972 Equity - Common Funded RegCF
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Add to portfolio
WithCo on Wefunder 2023
Platform: Wefunder
Security Type: Equity - Common
Valuation: $17,000,045
Price per Share: $18.64

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Follow WithCo on Wefunder 2023

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Warning: according to the close date for this deal, WithCo may no longer be accepting investments.

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