Golden Coast Mead
Early Stage
Sunshine in a can
Overview
Raised: $115,250
Total Commitments ($USD)
Platform
StartEngine
Start Date
06/10/2021
Close Date
01/07/2022
Min. Goal
$9,999
Max. Goal
$1,069,998
Min. Investment
$138
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$2.75
Pre-Money Valuation
$6,995,131
Rolling Commitments ($USD)
Status
Funded
Reporting Date
01/30/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$549
# of Investors
152
Momentum
Funded
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Year Founded
2021
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
Golden Coast Mead, with a pre-money valuation of $7 million, is raising funds on StartEngine. The company makes honey-based meads and plans to enter the hard seltzer market with its Hard Honey Seltzer. The mead of Golden Coast Mead captures the essence of thousands of flowers in every sip of every can. Frank Golbeck and Praveen Ramineni founded Golden Coast Mead in April 2021. The current crowdfunding round has a minimum target of $9,999 and a maximum target of $1,069,998, and the funds will be used for growth and expansion. Golden Coast Mead has sold over $2.2 million of mead since its founding. The business also has a commitment to regenerative farming and pollinator protection.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$222,163 |
$278,453 |
|
COGS |
$36,756 |
$53,867 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-51,254 |
$-163,761 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$7,245 |
$638 |
|
Accounts Receivable |
$418 |
$12,483 |
|
Total Assets |
$76,708 |
$90,973 |
|
Short-Term Debt |
$95,152 |
$132,165 |
|
Long-Term Debt |
$332,160 |
$226,382 |
|
Total Liabilities |
$427,312 |
$358,547 |
Financials as of: 06/10/2021
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