Abstinence Spirits USA

Botanical inspired nonalcoholic spirits, bringing sophistication & flavor to every drinking occasion

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Security Type
CAFES
Categories
Other, Alcohol, Food & Beverage, Retail
Min Investment
$100
Location
Oakland, , CA

Key Deal Facts

$550K revenue run rate in 2024, our second year of operations, with 103% growth in DTC
50,000 bottles shipped to date, and growing
Updated to all-natural preservatives, perfectly positioning product for natural grocery channel
Two products awarded Gold and Double Gold at the prestigious San Francisco World Spirits Competition
Our Blood Orange Aperitif was named a must-try aperitif in both alc and non-alc categories by SFWSC
Team with CPG and retail expertise from SAB Miller, e.l.f. Cosmetics, and Walmart

Management Team / Advisory Board Bios

Ranwei Chiang CEO & Chairperson of BoardSupply Chain and Operations leader in high-growth CPG companies focused on digital and retail expansion in the US and abroad., Delta Croudace VP Revenue & OperationsCategory and product leader at Walmart.com and Extend, a venture-backed startup that enabled protection products for more than 600 leading brands., Gary LeibowitzStrategic Growth Advisor25 years experience in the Bev Alc and broader food & beverage sectors. Senior Advisor to McKinsey & Company’s consumer practice. Chief Strategy and Transformation Officer at Unilever. Previously SVP Business Performance Insights at SABMiller/MillerCoors.
Amount Raised : $494,230
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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.

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