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

November 7, 2024 – Wilmington, Delaware

Rekt Brands Inc. (Rekt) – the parent company behind the Rektguy NFT project, Rekt Drinks and the Rekt brand intellectual property – is excited to announce the completion of a $1.5 million seed funding round.

Funded exclusively by angel investors and the community – without institutional venture capital – this achievement highlights the support Rekt received from its loyal and growing network.

This funding announcement follows the debut of Rekt Drinks, Rekt’s first consumer product – a lime-flavored sparkling water with zero caffeine and zero alcohol, featuring the Rekt branding.

Rekt Drinks made its debut last week with 222,456 units available across 32 countries.

The entire stock sold out in under 48 hours, with demand in the US alone resulting in a complete sell-out within just four hours and 20 minutes.

This launch represents one of the largest real-world product sales by a Web 3.0 brand, reinforcing Rekt’s potential as a cultural force in both digital and traditional markets.

Rekt was founded from the success of the Rektguy NFT collection, created by artist (OSF) Ovie Faruq in May 2022.

Since then, the Rektguy project has expanded into Rekt Brands, which oversees the Rekt IP and pioneered a unique industry model by offering equity in the parent company directly to its NFT holders, utilizing a Reg CF exemption under SEC guidelines in the US.

OSF (Ovie Faruq), CEO of Rekt Brands Inc., said,

“Rekt has had a die-hard, cult-like community for the past two years, and our ambition is to fulfill its potential as one of the largest Web 3.0 brands.

“With the sell-out of our drinks last week, that’s 222,456 times someone is going to pick up a can with the Rekt logo and a Rektguy on it – it’s a magnitude higher for us in terms of brand awareness.”

With this new funding, Rekt is poised to expand its product lineup, strengthen its brand awareness in and outside of Web 3.0, while further bridging digital culture with physical consumer products.

The Rekt community remains at the heart of the brand’s mission, with upcoming projects that will continue to empower, engage and reward its dedicated supporters.

About Rekt

Rekt Brands Inc. is the parent company that owns the Rektguy NFT project, Rekt Drinks and the Rekt brand intellectual property.

Established from the success of the Rektguy NFT collection by artist OSF (Ovie Faruq), the brand has expanded into consumer goods and…