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Drink LMNT isn't accepting new investments

Drink LMNT’s deadline was October 8, 2021

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Drink LMNT

A sugar-free electrolyte drink mix with everything you need + nothing you don't
Consumer Women Founders B2C Food Wellness
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$528,173
Raised
599
Investors
Successfully funded and closed on October 8, 2021.
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Closed on October 8, 2021. Information may not be up-to-date. Campaign closed on October 8, 2021. Information displayed may not be up-to-date.
Problem Solution Product Traction Customers Biz. model Market Competition Vision and strategy Funding Founders
About Team

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Drink LMNT, INC. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Drink LMNT Crowd SAFE Drink LMNT Form C.pdf
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Hear from some of the 599 people reserved or invested in Drink LMNT


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Highlights


$1M+ raised
Company has previously raised over $1M in capital
$25M+ revenue
Company had over $25M in revenue in the past 12 months
Leading VC-backed
Company is backed by a leading VC firm
Notable angel backing
Company is backed by a notable angel investor
Profitable
Company has been profitable for the past 6 months
  • One of the fastest growing beverage brands in the market (5x YoY)
  • Currently doing over $3MM/month ($36MM+ run-rate) as of June 2021
  • Profitable since year 1
  • Meeting a true health need with real innovation in electrolyte category
  • Led by a team with track record of success (exit to Garden of Life/Nestle)
  • Used by dozens of professional athletes, teams, and health influencers
  • Backed by over 160 mission-aligned investors

Problem


The 'hydration' market is giant and still full of garbage

Many drinks in the hydration category are loaded with sugar and desperately low in a key functional ingredient: SALT

The science is clear, you need more salt. Period. 

70% of Americans are mineral deficient.  Inadequate electrolytes cause symptoms like fatigue, headaches, cramps and more.

We're salty about the health havoc wrought by sugar-laden beverages and misinformation around sodium

The body needs adequate electrolytes to refuel and be properly energized - not more sugar

Solution


LMNT. The salt solution 

We’re owning salt as a revolution for hydration and functional beverages.  

We know our salt

Our products are science-backed; and we publish in-depth content on electrolytes informed by the latest scientific literature. LMNT also consults with professional sports teams, elite military units, and numerous healthcare practitioners in support of nutritional interventions for optimal health. 

Product


LMNT provides an ideal ratio of electrolytes to feel your best

LMNT is an electrolyte solution that not only targets the hydration category, but also transcends it. We've created a tasty electrolyte drink mix that's formulated to help anyone with their electrolyte needs and is perfectly suited to folks following a keto, low-carb, or paleo lifestyle. We have one core formula, available across 8 flavors.

Traction


Surpassing a $36MM run-rate, growing 5x YoY

Strong margins, retention, and profitability have made us a highly capital-efficient business. We've grown 5x YoY and recently surpassed a $36MM run rate. 

Our monthly retention rate from subscribers is over 90% and we see a <90 day CAC payback period. 

LMNT won Best Electrolyte Powder from Women’s Health 2021 Fitness Awards.

Customers


Over 6.5K+ reviews and a 4.5+ rating

LMNT has been put to the test by top professional athletes and teams, is recommended by top health influencers, and has a rockstar roster of ambassadors.  

LMNT has generated over 6.5K+ reviews with key customer metrics showing avid loyalty to our products. 55% of all customers reorder  and 36% of customers reorder more than 3x. LMNT has been sold to well over 80K+ customers. 

Business model


Direct to consumer focus, with plenty of runway left

Our core (and only) product is our drink mix stick packs sold directly to consumer online. Our customer base has become our most powerful salesforce, in addition to hundreds of health and wellness influencers.  

We launched our Wholesale Partnership Program on the back of efforts to support gym owners during COVID.  We've recently begun selling on other digital platforms such as Amazon, Thrive Market, and Walmart, with traditional retail relationships on the horizon.

 

Market


The 'hydration' market alone is a $9.2B+ opportunity

Our launch focused on low-carb tribes because diabetes and obesity are two of our most significant health challenges, and managing electrolytes is an absolutely critical part of successful dietary interventions. 

While LMNT will initially target the $9.2B hydration segment, transcending these categories is an energy production story. Electrolytes are at the foundation of all cellular, muscular, and neurological functions.

LMNT’s market growth is further supported by durable secular trends.

Competition


We're salt and science-backed, not sugar-loaded

In a crowded space, we have a differentiated formula and flavor profile: salty, not sugary. Each packet of LMNT contains 1 gram of salt and absolutely no sugar, providing a unique and bold product to the market.

Vision and strategy


To restore health through salt and hydration

Funding


Over 160 investors have invested in LMNT to date

With just $3.5MM raised to date, our funding has focused on bringing on impactful investor-allies. We have over 160 investors from hall of fame professional athletes, top-tier founders, health leaders and industry leading groups such as ALIVE Ventures, Thrive Market Ventures, Wild Ventures, SHL Capital, Riverside Ventures, and Incisive Ventures.

Founders


Led by committed team with a track record of success in the nutrition & natural products industry

 

Deal terms


Valuation cap
$60M
The maximum valuation at which your investment converts into equity shares or cash.
Learn more.
Minimum investment
$25
The smallest investment amount that Drink LMNT is accepting.
Learn more
Maximum investment
$25

The largest investment amount that Drink LMNT is accepting.

Learn more

Funding range
$25K - $750K
100% of $25K minimum offering amount has been reached.

Drink LMNT needs to raise $25K before the deadline. The maximum amount Drink LMNT is willing to raise is $750K.
Learn more

Deadline
October 8, 2021
Drink LMNT needs to reach their minimum funding goal before the deadline ().If they don’t, all investments will be refunded.
Learn more
Security type
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
How it works

Documents

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

Bonus perks

In addition to your Crowd SAFE, you'll receive perks for investing in Drink LMNT.
Invest
$100
Receive
  • All investors are treated the same ($100 is the just minimum amount).
  • No matter what you invest, you'll become an LMNT Insider (with other perks to come)
  • For now, we'll send you a variety and fiesta pack!

About Drink LMNT

Legal Name
Drink LMNT, INC
Founded
Dec 2019
Form
Delaware Company
Employees
12
Website
DrinkLMNT.com
Social Media
Headquarters
Google Map location of of Drink LMNT
1150 Central Ave , Naples, FL
Headquarters
1150 Central Ave, Naples, FL, United States 34102

Drink LMNT Team
Everyone helping build Drink LMNT, not limited to employees

Profile picture of James Murphy
James Murphy
Founder
James Murphy
Founder
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Drink LMNT

Drink LMNT successfully raised $528,173 from 599 investors on October 8, 2021
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