This company is no longer in business. Investors can get details about any potential exits or failures here.
Elephant Craft Hard Seltzer
Early Stage
Get trunk
Overview
Raised: $123,633
Total Commitments ($USD)
Platform
StartEngine
Start Date
04/21/2021
Close Date
10/19/2021
Min. Goal
$10,000
Max. Goal
$1,070,000
Min. Investment
$200
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$1.00
Pre-Money Valuation
$7,000,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
10/30/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$687
# of Investors
142
Momentum
Funded
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Year Founded
2020
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
Elephant Craft Hard Seltzer, with a pre-money valuation of $7 million, is raising funds on StartEngine. The company brews hard seltzers that hit harder and are healthier. The seltzers are made using real and high-quality ingredients and come in delicious flavors. Stephen Young, Ian Knowles, and Brett Lawrence founded Elephant Craft Hard Seltzer in February 2020. The current crowdfunding campaign has a minimum goal of $10,000 and a maximum goal of $1,070,000, and the proceeds will be used for expansion to new markets and marketing. Elephant Craft Hard Seltzer is a socially responsible brand with a focus on giving back to the earth.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-86,762 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$112 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$77,397 |
$0 |
|
Short-Term Debt |
$119,109 |
$0 |
|
Long-Term Debt |
$45,000 |
$0 |
|
Total Liabilities |
$164,109 |
$0 |
Financials as of: 04/21/2021
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