Mitte

Create your own mineralized water, just like nature

Security Type

Other

Key Deal Facts

Smart water system that turns tap water into purified and personalized mineralized water, right in your home
Proprietary system of distillation-based purification technology and mineral cartridges
Recently closed $10.6M seed round lead by Danone Manifesto Ventures, VisVires New Protein Capital, and Kärcher New Venture
Seasoned repeat founders and team members specializing in engineering, water science, and business
Targeting $200+ billion bottled water market
Strong early market validation with successful crowdfunding campaign overfunded by 360%
In production with the official launch in Q3 2019

Use of Proceeds

Intermediary Fees: 6%

Estimated Accountant and Legal Fees: 20% - 10%

General Marketing: 67% - 80%

General Working Capital: 7% - 4%

Perks

$100 - In addition to a repayment and return on your investment, you will receive a thank you letter from our Co-Founders.
$500 - In addition to a repayment and return on your investment, you will receive a thank you letter from our Co-Founders and a special mention as an investor on our website.

Management Team / Advisory Board Bios

Faebian Bastiman - Co-Founder and CTO

Deal Notes

Type of Security: Crowd SDA is a debt agreement which promises fixed interest payments and a minimum cash return.

Maturity: 5 years

Interest Rate: 10%

Minimum Return Multiple: 1.5x

Amount Raised : $30,150

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