Yerbae
Growth Stage
PLANT-BASED Enhanced Sparkling Water
Analytics
Raised: $51,410
Aggregate Commitments $
Platform
StartEngine
Start Date
06/15/2022
Close Date
09/13/2022
Min. Goal
$10,000
Max. Goal
$5,000,000
Min. Investment
$500
Security Type
Equity - Common
Funding Type
RegCF
Series
Series B
Price Per Share
$1.37
Pre-Money Valuation
$44,586,114
Rolling Commitments $
Status
Active
Reporting Date
06/25/2022
Days Remaining
80
% of Min. Goal
514%
% of Max. Goal
1%
Likelihood of Max
Avg. Daily Raise
$5,141
Momentum
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Location
Scottsdale, Arizona
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Yerbae, with a valuation of $44.6 million, is raising funds on StartEngine. The company makes plant-based, zero-calorie, enhanced sparkling water. The naturally-caffeinated beverage of Yerbae comes bursting with flavor and functionality and helps in digestion, boosting metabolism, cardiovascular health, and increased physical endurance. Yerbae has sold over 19 million cans across the country since its launch and has grown 624% in net sales since its launch. Todd Gibson and Karrie Gibson founded Yerbae in August 2020. The current crowdfunding campaign has a minimum target of $9,999.63 and a maximum target of $4,999,999.95. The campaign proceeds will be used for revenue growth and continuous business improvements.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$6,045,089 |
$4,780,045 |
|
COGS |
$2,423,723 |
$1,805,106 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-3,801,661 |
$-1,545,650 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$347,806 |
$239,267 |
|
Accounts Receivable |
$308,417 |
$385,198 |
|
Total Assets |
$1,446,337 |
$1,043,230 |
|
Short-Term Debt |
$1,547,962 |
$1,357,073 |
|
Long-Term Debt |
$315,030 |
$350,000 |
|
Total Liabilities |
$1,862,992 |
$1,707,073 |
Financials as of: 06/15/2022
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