Cool Cat
Growth Stage
THE COOL IS YOU!
Overview
Raised: $173,234
Total Commitments ($USD)
Platform
StartEngine
Start Date
05/31/2023
Close Date
08/02/2023
Min. Goal
$15,000
Max. Goal
$1,235,000
Min. Investment
$500
Security Type
Equity - Common
Series
Series A
SEC Filing Type
RegCF
Price Per Share
$1.00
Pre-Money Valuation
$24,000,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
08/31/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$2,750
# of Investors
133
Momentum
Funded
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Year Founded
2023
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2B2C
Margin
Low
Capital Intensity
Low
Cool Cat, with a valuation of $24 million, is raising funds on StartEngine. The company makes ready-to-drink wine-based sparkling cocktails. The award-winning line of RTD cocktails of Cool Cat is sold in over 1,000 stores, including Target and Total Wine & More, across 24 states in the US. The sparkling cocktails of Cool Cat contain only 2 grams of sugar, 140 calories, and a high ABV of 6.9%. Molly E. Pearson and Rocco Gabriel Venneri founded Cool Cat in May 2023. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $50,000. The campaign proceeds will be used for company employment and working capital.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$591,574 |
$138,194 |
|
COGS |
$545,710 |
$360,957 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-4,517,805 |
$-2,120,674 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$29,403 |
$888,573 |
|
Accounts Receivable |
$7,315 |
$585 |
|
Total Assets |
$1,155,895 |
$1,302,740 |
|
Short-Term Debt |
$651,065 |
$780,814 |
|
Long-Term Debt |
$3,746,053 |
$0 |
|
Total Liabilities |
$4,397,118 |
$780,814 |
Financials as of: 05/31/2023
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