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Security Type
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CAFES
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Categories
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Financial Services, Alcohol, Food & Beverage, Retail, Community & Lifestyle
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Min Investment
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$200
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Expected Close Date
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April 30, 2025
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Target Raise
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$50.00K-$1.20M
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Security Price
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$1
- Number of Employees
- 9
- Cash
- $282,237
- Revenue
- $3,404,451
- Short Term Debt
- $1,279,857
- Cost of Goods
- $2,776,329
- Long Term Debt
- $228,814
- Net Income
- $-3,883,657
Key Deal Facts
In New retailers: NECTAR is #1 best selling new hard seltzer in RALPHS and #3 in FRED MEYER
In Existing retailers: NECTAR is #2 hard seltzer at HEB, #5 at TOTAL WINE, and #4 at SAFEWAY.
1,700,000+ members in our community
120% avg Year over Year growth since 2021
Over 800,000,000 organic views across the Nectar Media Company (including UTI podcast).
Carried in 2,100 stores, across 7 states
Over 8,000,000 cans sold (as of April 2024)
$500,000 raised in just 2 weeks from 550+ investors.
Management Team / Advisory Board Bios
VC-Backed
Raised $250K or more from a venture firm, $5M+ Revenue
Earned over the last 12 months, Jeremy Kim Cofounder + CEOJeremy spent 6 years in the music industry working with multi-platinum artists. He then ran strategy for YouTube’s largest multi-channel network, The Nations. His expertise lies in brand development, digital marketing and operations., John Dalsey Cofounder + PresidentJohn is an entrepreneur with 6 years of experience in the craft beer industry where he co-founded Double Nickel Brewing Co., one of New Jersey’s fastest growing breweries. His knowledge encompasses marketing, manufacturing, operations and finance., Brando Brando Cofounder + Art DirectorAll things visual and physical at Nectar stem from Brando. Flexing his talents in design, directing, photography, and painting Brando is partner in multiple record labels and has created for some of the biggest names in music., Geng Wang VP Sales & MarketingGeng has spent 10 years working across CPG, fashion, and entertainment. He's spearheaded digital media strategy at Constellation brands (including Corona Extra and Modelo Especial) for four years before starting his journey on Nectar.
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ⓘ
The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.
Business Idea
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The progress made thus far in demonstrating that the business has viability, a customer base or other business traction.
Business Traction
ⓘ
The experience of the management team in running, scaling and/or exiting a business that required similar skills to execute the business plan.
Management Team
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The value of the company compared to similar companies raising money from investors.
Valuation
Security Description
A CAFES (Contract and Future Equity Stake) can convert into different types of equity upon a Triggering Event, such as: common or preferred stock for a corporation, limited partnership interest for a limited partnership and membership interest for a limited liability company. At the time of the Triggering Event, the specific rights and limitations associated with the equity stake being issued to the investors will be determined and disclosed by the Entrepreneur.