Mitte

Mitte

Create your own mineralized water, just like nature

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Security Type
Other
Categories
Other
Min Investment
$100
Location
New York, NY
Offering Date
January 07, 2019
Expected Close Date
March 08, 2019
Target Raise
$25.00K-$100.00K
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

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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