Fierce & Kind

Fierce & Kind

Early Stage

Premium Spirits

Premium Spirits

Overview

Raised to Date: Raised: $60,754

Total Commitments ($USD)

Platform

Netcapital

Start Date

11/16/2022

Close Date

04/26/2024

Min. Goal
$10,001
Max. Goal
$1,069,999
Min. Investment

$100

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.35

Pre-Money Valuation

$13,500,000

Rolling Commitments ($USD)

Status
Funded
Reporting Date

04/29/2024

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$116

Momentum
Funded
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Year Founded

2021

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Location

San Diego, California

Business Type

Growth

Fierce & Kind, with a valuation of $13.5 million, is raising funds on NetCapital. It is an employee and customer-owned spirits company that sells premium and sustainably-sourced spirits. The business also aims to create social justice and uplift the communities by sharing its profits through the Fierce & Kind Equity Foundation. Fierce & Kind sells products, including Straight Bourbon, American Vodka, and Reposado Tequila and plans to start direct-to-consumer distribution soon. Basem Harb and Cyndi Smith founded Fierce & Kind in August 2021. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1.07 million. The campaign proceeds will be used for marketing and promotion, hiring and compensation, inventory, research and formulation, and general and administrative expenses.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$1,912

$0

COGS

$1,912

$0

Tax

$0

$0

 

 

Net Income

$-105,715

$-6,211

Summary Balance Sheet

FY 2022 FY 2021

Cash

$13,488

$0

Accounts Receivable

$0

$0

Total Assets

$43,849

$0

Short-Term Debt

$0

$0

Long-Term Debt

$62,418

$6,211

Total Liabilities

$62,418

$6,211

Financials as of: 11/16/2022
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Fierce & Kind on NetCapital 2022
Platform: Netcapital
Security Type: Equity - Common
Valuation: $13,500,000
Price per Share: $1.35

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