ABV Technology

Transforming NA Beer, Wine, and Spirit Beverage Production with Revolutionary Equipment & Services

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Security Type
Convertible Note
Categories
Financial Services, Alcohol, Food & Beverage, Consumer Goods & Products
Min Investment
$100
Location
Saint Paul, , MN

Key Deal Facts

Non-Alcoholic (NA) is the fastest growing category of the beverage industry – to reach $250B by 2028
Market Size = 11,620 wineries, 9,709 breweries, 2,709 cideries, 1,628 kombucheries in the US alone
NA functional beverages & adaptogenic global market size to hit $340B by 2030*
120+ breweries and wineries in Minnesota repeatedly use our service center, 50% market share
90%+ repeat customers in Minnesota and plan to exceed $1M in revenue (40% ARR) in 2024*
50+ locations in the US could host a service center with each $1.5M in potential ARR*
Previous exit from the founders team $125M+
* Forward looking projections cannot be guaranteed

Management Team / Advisory Board Bios

VC-Backed
Raised $250K or more from a venture firm, $1M+ Revenue
Earned over the last 12 months, Ben Jordan Founder | CEOLead the development of specialized asset and environment monitoring tools for the US Dept. of Defense in conjunction with Army Research Labs as CEO at Sense AI. MPhil, PhDc Biology, Harvard; BS, Computer Science, University of Minnesota., Patrick Frimat Founder | VP Business DevelopmentFrench/American serial entrepreneur with a successful track record as an international sales and marketing executive in multiple industries. Grew last company in the security industry to $50M revenue with an exit at $150M+ to Fortune 500. Double Msc in EE, Kurt KoppelmanFounder | CIOEntrepreneur and software engineer. Extensive experience in development methodologies, compliance standards, coding languages and problem domains. CTO/Owner of Clockwork, contributed to digital transformation (United Way, YMCA…). BS in IE and Management
Amount Raised : $556,200
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Security Description

A convertible security is a security that can be converted into another security, typically equity in the next round of financing.

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