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NITRO BEVERAGE CO. logo

NITRO BEVERAGE CO.

Operating

NITRO Beverage Inc.

Food & Beverage · Packaged Drink · Asbury Park, NJ · Founded 2016

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The power of nitrogen to create an entirely new drinking experience

Post-money valuation ⓘ
$11.6M
As of Apr 2023 · from Reg CF Offering (2022) · pre-money + amount raised, not a traded price
Total raised
$2,078,030
Crowd $155K · Private $1.9M · 4 rounds since 2019
Latest share price
$0.07
Reg CF · Preferred Stock · Nov 2022 offering price

Financials

FY2020–FY2022 · from SEC filings · hover any figure for its source
$656K
−$216K
2020
$815K
−$1.0M
2021
$573K
−$865K
2022
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2020 reviewed*
FY2021 reviewed
FY2022 reviewed
Income statement
Revenue
$656,247
$814,900
$573,485
Cost of goods sold
$568,441
$661,429
$721,400
Gross margin
13%
19%
-26%
Net income
-$216,370
-$1,034,594
-$864,984
Taxes paid
$0
$38,990
$29,876
Balance sheet
Cash
$138,402
$39,428
$19,093
Accounts receivable
$46,050
$53,450
$66,322
Total assets
$240,963
$243,117
$230,096
Short-term debt
$330,214
$42,652
$264,126
Long-term debt
$334,558
$72,603
$306,427
Total liabilities
$664,772
$115,255
$570,553
Other
Headcount
—
5
2

Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited, as the filing’s own report or certification states it. A dashed pill marked * is inferred instead: the SEC minimum for an offering that size, which the issuer may have exceeded. No pill means we couldn’t tell. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Pre-money — the valuation set before each round’s money came in
$11.4M
pre-money
Reg CF · Preferred · Nov 2022

Blue bars are the pre-money valuation the company stated for a priced round.

Share price over rounds

$0.07$0.035$0.0216
Mar 2019Nov 2022
Round offering price or verified disclosed saleDisclosed sale, unverified or year-only

Disclosed sales come from the issuer's own filings (prior-offering lines, audited-statement notes) and are amount ÷ securities sold. A down round is a firm point more than 25 % below the previous firm point of the same share class on a comparable basis; the comparison ignores unverified and year-only lines.

Fundraising history

Reg CF · Preferred Stock · Nov 2022Closedvia StartEngine
Raised $154.6K / $1.2MInvestors 230Post-money $11.6M
Rule 506(b) · Equity · Apr 2021Closed
Raised $1.5MInvestors 5
Rule 506(c) · Common Stock · Jan 2020Closed
Raised $150K

Team

7 people
Mike D'AmicoFounder
Co-Founder, COO, & Director

Mike is a business school graduate of Rutgers University and has over 10 years of sales and leadership experience with a proven track record in operations management.

Ali Mohamed
Co-Founder, CEO, & Director

Ali has a keen attention to detail as an entrepreneur, also owning a retail business and has over 15 years of sales and leadership experience.

Kareem Elhamasy
Co-Founder and CMO

Kareem graduated from Rutgers University with a bachelor's degree in criminal justice, is an avid surfer and entrepreneur, also owning a retail business.

Paolo D'Amico
Co-Founder & Territory Sales Manager

Paolo graduated from Rutgers University with a bachelors in Psychology and has over 10 years of management experience in the food industry.

Ahmed Emara
Founding Employee & Territory Sales Manager

Ahmed graduated on the Dean's list at Rutgers University with a degree in Supply Chain Management and has over 5 years of experience in the hospitality industry.

Benjamin Kim
Strategic Advisor

Ben is a serial entrepreneur with a long line of experience in the food & beverage industry and is the Founder & CEO of UpTime Energy.

Julien Machot
Lead Investor, Strategic Advisor, and Director

Julien is a Founding Partner of VERSO Capital with notable investments in food & tech such as EAT Just and Impossible.

Names and titles as disclosed on SEC Form C, StartEngine. Bios and photos come from the platform campaign page and may be out of date.

Reg CF annual-report compliance

Not requiredFiled Form C-TR (terminated reporting)

Filed 1 of 4 annual reports (FY2022–FY2025)

230 investors
holder-count proxy

Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.

SEC filings

  • Form C-TRNov 6, 20240001665160-24-001553
    EDGAR
  • Form C-UApr 18, 20230001665160-23-000655
    EDGAR
  • Form C-ARApr 18, 20230001665160-23-000647
    EDGAR
  • Form C/AMar 14, 20230001665160-23-000413
    EDGAR
  • Form C/AFeb 10, 20230001665160-23-000226
    EDGAR
  • Form C/AJan 10, 20230001665160-23-000048
    EDGAR
  • Form CNov 17, 20220001665160-22-002931
    EDGAR
  • Form DMay 11, 20210001858433-21-000001
    EDGAR
Source: ManualCIK 0001858433DEShare price $0.07

About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.