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The Highlights
Over $5.5M in revenue to date
Profitable with margins projected to reach 64% in the next 2 years
Bootstrapped to $1.5 million in yearly revenue
Combined TAM of $150B+
Available in 48 states and 6 countries
Participating in the All Rise Factory Cohort by EnrichHER
Participating in the Founders First Accelerator
18.21 Drinks is a modern beverage company. They make low ABV spiked seltzers, bitters, syrups, and cannabis-infused beverages.
Up until now, 18.21 has been a “bootstrapped” startup, meaning they have not received outside funding. Founders Missy and Kristin Koefod have managed to grow the company to $1.5 million in yearly revenue while also achieving profitability.
The founders estimate that sufficient funding will allow the company to increase production by 8x and fulfill existing demand. 18.21 projects more than $10 million in sales next year, if this funding allows them to scale production and distribution.
18.21 sells online on sites like Amazon, and through retail businesses including Whole Foods, Del Friscos, Melting Pot, and Mellow Mushroom. Their products can be found in liquor stores, grocery stores, and restaurants.