Fierce & Kind
Early Stage
Premium Spirits
Overview
Raised: $57,653
Rolling Commitments ($USD)
Status
Active
Reporting Date
04/18/2024
Days Remaining
7
% of Min. Goal
576%
% of Max. Goal
5%
Likelihood of Max
Avg. Daily Raise
$111
Momentum
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Year Founded
2021
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
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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