Fierce & Kind

Fierce & Kind

Closed: Apr. 2024

About this raise

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.

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Investment Overview

Invested this round: $60,754

Deal Terms

Total Commitments ($USD)

Platform
Netcapital
Start Date
11/17/2022
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

Company & Team

Company

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
Company Website
Visit Website

Team

Employees
5
Prior Founder Exits?
No
Founder Name
Sam Harb
Title
CEO
Founder Name
Cyndi Smith
Title
Chief Operations Office

Financials

as of Fiscal Year 2022
 Revenue
$0
 Monthly Burn
$8,810
 Runway
1.5 months

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

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/26/2024 Netcapital $13,500,000 $60,754 Equity - Common Funded RegCF
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Add to portfolio
Fierce & Kind on NetCapital 2022
Platform: Netcapital
Security Type: Equity - Common
Valuation: $13,500,000
Price per Share: $1.35

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Follow Fierce & Kind on NetCapital 2022

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Warning: according to the close date for this deal, Fierce & Kind may no longer be accepting investments.

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