Invest in Sangría Republic
Summary
Sangr\xeda Republic is a Spanish company created by an experienced team with sectorial success stories behind them, such as Albari\xf1o Paco & Lola with sales in more than 23 countries, which seeks to renew through innovation a drink that is part of our heritage, adapting it to new consumer trends.We have developed and patented new flavors and our own recipes: Legally in Europe a drink can only be called Sangria if it is produced in Spain or Portugal, which protects us in a very large market.Since our passage through the accelerator VIAGALICIA, one of only 10 selected multisectoral projects, and despite the COVID environment, we have managed to sell more than 100,000 units of product and close 2020 in positive, reaching national implementation in EL CORTE INGL\xc9S and more recently with GLOVO MARKET and LOGISTA, as well as international presence in Sainsburys in Uk or Gopuff in USA.We have recently closed an investment round, with the entry of an experienced international lead investor, XESGALICIA SCR Xunta de Galicia and VIGOACTIVO SCR of the Zona Franca. In addition, ENISA has just granted us a loan of 250,000 , which confirms the validity of the model, recognizing our proposal to change the landscape of the Spanish Sangria, a category with a market value of + 400M and with an export percentage of 65%. Thus providing us with the necessary resources to develop our plan.We approached Startupxplore because our continuous innovation has given us access to a new category, achieving for the first time a wine + energy product. We have managed to develop the first COLD BREW SANGRIA, a packable product with production costs that will make it competitive in the market.This product will allow us to enter a new category in expansion, the COLD BREW market, currently valued only in the USA in 370M USD and with an expected annual growth of 31%, which has allowed us to incorporate Dave McCarthy, former CCO Global Export Molson Coors, as an investor in this round and to our Board.