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AVEC Drinks isn't accepting new investments

AVEC Drinks’ deadline was August 2, 2023

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AVEC Drinks

Re-thinking the soda & mixer category for the modern drinker
B2C D2C Drinks Wellbeing & Longevity Ethically Made Plant-Based
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Featured image of AVEC Drinks
$54,580
Raised
74
Investors
Successfully funded and closed on August 2, 2023.
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Problem Solution Product Traction Customers Biz. model Market Competition Vision and strategy Impact Funding Founders Summary
About Team

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by AVEC Drinks Co.. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
AVEC Drinks Crowd SAFE AVEC Form C.pdf
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Hear from some of the 74 investors in AVEC Drinks


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Highlights


AVEC is re-imagining the soda & mixer category for the modern drinker. Stepping up the game with global flavors, better ingredients & much less sugar. 

  • Revenue: Yr 1 $620k (2021), Yr 2 $950k (2022), & ~$2m in 2023
  • Growth from 500 to 1200 locations locked in for 2023
  • Launching in Wegmans, BevMo in H1, and Sprouts in H2 – amongst others
  • Targeting $12bn soda mixer market & fast growing $11bn non-alc market
  • Press: NYT, Food & Wine, Good Morning America, Fast Company, & more
  • Backed by Gather Ventures, XRC, Black Ambition, Seed Project, & Gaingels

Problem


What people want to drink has changed but the industry hasn't kept up

The majority of the existing options in the soda & mixer category have 50% more sugar than your entire recommended daily intake 

What’s wrong with current options? 

  • Full of added sugar or fake sweeteners: most have close to or more than your entire daily sugar intake, those that don’t have equally bad fake sweeteners.
  • Made with nasties: brands use all sorts of beverage hacks from artificial sweeteners to coloring agents to not so "natural" flavors.  
  • Outdated: where is the fun? We have a whole world of flavors to play with. 

Why hasn't someone fixed it? Big Beverage has too much riding on its overly sweet flavors to disrupt itself. So we’re doing it for them.

Solution


AVEC re-thinking the category from scratch — with the modern drinker in mind

Making soda & mixers that are:

  • Full flavored, dramatically less sugar: we use balance not sugar to create flavor. Our drinks are >80-90% less sugar/ calories than mainstream alternatives

  • Inspired by flavors from around the world: we bring the best ingredients the world has to offer to re-invent old classics and create new ones. 
  • 100% all natural: we use just juice, natural botanicals, spices, and the occasional drop of agave. 

  • Versatile: We work well by ourselves as an NA treat - or when mixed with alcohol.

Turns out that when your drinks are made from quality ingredients, you don’t actually need all that sugar! 

Product


We spend a ton of time balancing natural ingredients to create flavor

Instead of using a ton of sugar, or other beverage hacks like “natural flavor,” dodgy sweeteners like stevia, monk fruit or erythritol. This means we can create great tasting products without the usual downsides. 

They are tasty and healthy

We have six flavors, all aimed at replacing a different favorite American flavor profile.


Traction


Exciting early sales, with multiple proven channels

  • $620k in 2021 (first year); $950k revenue in 2022; predicted to do ~$2m in 2023 
  • 100% wholesale sales growth YoY (Q1 2022 vs Q1 2023)  
  • We’ve launched at Wegman’s & BevMo with Sprouts planned for launch in July. This will take us from ~600 to 1200 locations 

  • With potential for more: in conversation with 2 more large retail chains totaling >1000 more locations for  

  • Proven love from chefs and bartenders in the on-premise with over 100 menu placements, including multiple Michelin-star restaurants serving AVEC!  

  • Truly omni-channel with 50% of sales from offline & 50% online (DTC, Amazon, Faire.com)

Over 50% growth YoY, Wholesale growth >100%

Exciting & growing customer base

* Click here for important information regarding Financial Projections which are not guaranteed.

Customers


AVEC is for the mindful drinker, who is making conscious choices about what they drink. 

There are three major & overlapping customers: 

  • Health-Conscious Drinker: those who are conscious about both the sugar content and quality of what they drink 
  • The Sober-Curious Customer: people who are looking to moderate or restrict their consumption of alcohol 
  • The Foodie: people who deeply care about flavors and ingredients 

They are giving AVEC rave reviews.

Business model


We sell through retail (grocery and liquor), on premise (restaurants & hotels) & online (DTC & Amazon)

We are focused on launching at major grocery & liquor retailers and building out distribution around them through local wine & spirits distributors.

How we get to $10m revenue <3 years

Our road map

Our north star for what is possible is Fever Tree with a market cap of $2bn

Revenue multipliers tend to be 4-8x revenue and can be much higher

Gross Margins improve quickly with scale - the easiest way to show these is by breaking down our economics in grocery

*In 2025 we would move to printed cans

Market


Both the cocktail mixer & no/low alcohol market are huge and growing quickly

Competition


We are creating a new category of better for you & ingredient focused sparkling drinks 


Vision and strategy


We are creating a global "better for you" soda & mixer brand on mission to help us drink better!

With an epic product pipeline


Impact


We are committed to doing a better job for the environment


Funding


Investors & advisors


Raising money to nail our retail roll out! 


Use of funds

  1. Hire a sales & merchandising team 
  2. Provide marketing budget for in-store promotional activity
  3. Manufacture more inventory 

Founders


A young team paired with deep experience in F&B

Summary


Come join us disrupt the world of big beverage and help us on our mission to re-create the category along modern, healthier lines. It's about time!

Why invest?

  • The time is now. Customer tastes are changing too quickly for large industry players to keep up. We can take a large slice of the pie in the meantime.
  • We’re growing quickly with new retailers locked in – we just need the cash to fund it
  • Our biggest tail-winds are that people want to drink less and are looking for more non-alcoholic soft drink options & when they do drink - they are drinking higher quality spirits and so are looking for higher quality mixers. AVEC is purpose built to take advantage of these trends
  • Come help us change our small part of the world & help reduce sugar consumption! We are showing that you can have delicious drinks that aren't packed full of sugar or nasties. Let's prove it to the WORLD.
  • We are hustlers to the extreme. Alex, the founder, hand sold and delivered to our first 30 accounts... in 95' Chevy Van. For almost a year. Crazy, maybe.

Deal terms


Valuation cap

$8,000,000

The maximum valuation at which your investment converts into equity shares or cash.
Learn more

Minimum investment

$200

The smallest investment amount that AVEC Drinks is accepting.
Learn more

Maximum investment

$120,000

The largest investment amount that AVEC Drinks is accepting.
Learn more

Funding goal

$1.24M

AVEC Drinks must achieve its minimum goal of $25K before the deadline. The maximum amount the offering can raise is $1.24M.
Learn more

Deadline
AVEC Drinks needs to reach their minimum funding goal before the deadline ( ). If they don’t, all investments will be refunded.
Learn more
Type of security

Crowd SAFE

A SAFE allows an investor to make a cash investment in a company, with rights to receive certain company stock at a later date, in connection with a specific event. · Learn more

Nominee Lead

Chief Executive Officer of the Company (currently Alex Doman)

Will direct the Nominee on certain matters like voting, amendments and conversions affecting the security.
Learn more

How it works

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by AVEC Drinks Co.. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
AVEC Drinks Crowd SAFE AVEC Form C.pdf

Bonus perks

In addition to your Crowd SAFE, you'll receive perks for investing in AVEC Drinks.
Invest
$500
Receive
  • Invite to VIP AVEC events and parties
  • 30% off your next AVEC order
  • Personalized 15% off code for one year
Invest
$1,000
Receive
  • All the above
  • Personalized 25% off code for one year
  • Exclusive AVEC Investor Merch Kit
  • Invite to exclusive AVEC Investor Events
Invest
$5,000
Receive
  • All the above
  • Involvement in Quarterly Business Reviews & Updates
Invest
$10,000
Receive
  • All the above
  • Free case of every new flavor that AVEC releases, before the release
Invest
$50,000
Receive
  • All the above
  • Direct involvement in creating a Limited-Edition Flavor in collaboration with AVEC founder Alex
  • Limited (1 left of 1)

About AVEC Drinks

Legal Name
AVEC Drinks Co.
Founded
Apr 2020
Form
Delaware Corporation
Employees
3
Website
avecdrinks.com
Social Media
Headquarters
Google Map location of of AVEC Drinks
184 Kent Avenue , Brooklyn, NY
Headquarters
184 Kent Avenue, Brooklyn, NY, United States 11249

AVEC Drinks Team
Everyone helping build AVEC Drinks, not limited to employees

Profile picture of alex doman
alex doman
Co-Founder
Profile picture of alex doman
alex doman
Co-Founder
alex doman
Co-Founder
alex doman
Co-Founder
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AVEC Drinks

AVEC Drinks successfully raised $54,580 from 74 investors on August 2, 2023
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