Rekt Raises $1.5M Seed Round Backed by Angels and Community, Following Sell-Out Success of Rekt Drinks

Rekt's Successful Funding Round

Wilmington, Delaware, 7th November 2024, Chainwire

Rekt Brands Inc. (Rekt), the parent company behind the Rektguy NFT project and Rekt Drinks, has successfully completed a $1.5 million seed funding round. The funding, entirely sourced from angel investors and the community, underscores Rekt's strong network support, distinguishing it from traditional institutional venture capital.

Sell-Out Success of Rekt Drinks

The funding announcement comes on the heels of Rekt Drinks' launch—its first consumer product, a lime-flavored sparkling water. With 222,456 units released across 32 countries, the product completely sold out in less than 48 hours. Notably, the U.S. market experienced a total sell-out within just 4 hours and 20 minutes, marking it as one of the largest sales by a Web3 brand in the consumer goods space.

Expansion and Future Outlook

With this latest funding, Rekt aims to expand its product lineup and strengthen its visibility both within and outside the Web3 ecosystem. In the words of OSF, founder of Rekt, “Our ambition is to fulfill Rekt's potential as a major player in the Web3 landscape.” Rekt remains dedicated to empowering its cult-like community while planning future projects that will further engage and reward supporters.