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Min Investment
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$250
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Offering Date
-
November 17, 2022
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Expected Close Date
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April 17, 2023
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Target Raise
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$10.00K-$1.24M
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No. Investors
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175
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Security Price
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$0.07
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Valuation
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$11,401,951
- Number of Employees
- 5
- Cash
- $39,428
- Revenue
- $814,900
- Short Term Debt
- $52,838
- Cost of Goods
- $663,353
- Long Term Debt
- $62,417
- Net Income
- $-1,073,409
Company Description
At NITRO Beverage Co. - we leverage the power of nitrogen to create an entirely new drinking experience. With our coffee products already in the market, we are taking nitro beyond coffee and moving into more better-for-you beverages like kombucha. We’re currently in over 1,500 stores nationwide including major retailers such as Whole Foods Market, 7-11, ShopRite Stores, Erewhon Market, and many more!
Key Deal Facts
We are building a better-for-you beverage platform that introduces nitrogen to other beverage categories, including bringing what we feel is the first ever ready-to-drink (RTD) NITRO Kombucha to the market.
The Global RTD Tea and Coffee Market is set to reach $124.5 Billion by 2027, and the global nitrogen-infused beverage market is expected to reach $50 Million by 2026.*
Our anticipated growth trajectory, product innovations, manufacturing capacity, and market strategy will enable us to scale into domestic and international markets.
Management Team / Advisory Board Bios
Mike D'AmicoCo-Founder, COO, & DirectorMike is a business school graduate of Rutgers University and has over 10 years of sales and leadership experience with a proven track record in operations management., Kareem ElhamasyCo-Founder and CMOKareem graduated from Rutgers University with a bachelor's degree in criminal justice, is an avid surfer and entrepreneur, also owning a retail business.
Paolo D'AmicoCo-Founder & Territory Sales ManagerPaolo graduated from Rutgers University with a bachelors in Psychology and has over 10 years of management experience in the food industry.
Julien MachotLead Investor, Strategic Advisor, and DirectorJulien is a Founding Partner of VERSO Capital with notable investments in food & tech such as EAT Just and Impossible.
Benjamin Kim Strategic AdvisorBen is a serial entrepreneur with a long line of experience in the food & beverage industry and is the Founder & CEO of UpTime Energy.
Ahmed EmaraFounding Employee & Territory Sales ManagerAhmed graduated on the Dean's list at Rutgers University with a degree in Supply Chain Management and has over 5 years of experience in the hospitality industry., Ali MohamedCo-Founder, CEO, & DirectorAli has a keen attention to detail as an entrepreneur, also owning a retail business and has over 15 years of sales and leadership experience.