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Botaniets 5A
The Good Spirit Company
€1,776,000
total amount raised in round
- Backed by over 60 investors
- Eligible for a tax reduction
This campaign ended and is now negotiating with select business angels
Contact us if you are interested in a private meeting with this entrepreneur.
This campaign has ended. If you have any more questions or remarks, do not hesitate to contact us via info@spreds.com.
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Entrepreneur
Dear,
Thank you for reaching out and for your kind words about the Spreads Invest project. I’m glad to hear that you found it interesting!
I’d be happy to connect you with the organizer of the project. Could you please provide me with a bit more detail about your interest and how you would like to collaborate? This will help ensure a productive conversation.
Looking forward to hearing from you.
Best regards,
Alexandre Hauben
Founder & CEO
NietsCo
First of all, congrats to the team for the work accomplished since the 2A capital raise ! This is really impressive given the hectic business years we've had.
I would be happy to reinvest, however I have first a couple of questions about numbers :
- In 2023, I see an OPEX of roughly 1.6M, while the revenue was 850k and the EBITDA was -260k. could you give a bit more details ? There seems to be quite a significant GAP here and I would love to understand the real cash burn of 2023.
- In the figure stating the OPEX, I would like to understand a bit better the 2024 YTD, when was this computed and printed ? Is the YTD in september or earlier this year ?
Thanks in advance, feel free to give me an email address from which we can communicate more directly.
Y a-t-il quelqu'un ?
Entrepreneur
Dear Nassim,
Thank you so much for your kind words and for recognizing the progress we've made since the 2A capital raise. It's been a challenging but rewarding journey, and we're thrilled to have your continued support and interest in reinvesting.
To address your questions:
--OPEX and Revenue for 2023: You’re absolutely right that the OPEX in 2023 was approximately €1.6M, while revenue stood at €850k and EBITDA at -€260k. The gap primarily results from a combination of investments we made in scaling operations and marketing, particularly in new markets like France, the US and UK, and also in our partnerships with prestigious brands like Gault & Millau and Michelin. These strategic partnerships, while increasing short-term costs, are designed to generate long-term value. The cash burn for 2023 is also influenced by these initiatives, but I can provide you with a more detailed breakdown to clarify the specifics.
--2024 YTD OPEX: The YTD figure was calculated as of the end of June 2024. It reflects the actual operating costs up until that point, and we’ve adjusted for any significant variations or one-off expenses. I’d be happy to share a detailed breakdown of the YTD performance so far and explain how we see the trajectory for the rest of the year, which is on budget.
Please feel free to reach me directly via Alex(at)Niets.co, and I would be happy to continue the conversation or arrange a meeting to dive deeper into any other questions you might have.
Thank you again for your trust and progressive commitment!
Best regards,
Alexandre Hauben
Founder, NietsCo
Thank you so much for your explanation Alexandre.