Hard AF Seltzer

Hard AF Seltzer

Open  for investment

About this raise

Hard AF Seltzer, with a valuation of $15 million, is raising funds on Wefunder. The company makes canned hard seltzer with 8% ABV, with no sugar, carbs, or gluten. Hard AF Seltzer uses a neutral-tasting base with top-level flavoring to create its smooth and drinkable high ABV seltzer that does not taste like cough syrup. The products are available in more than 2,000 locations in seven states and have sales of $1.2 million in the first two years. Dan Hollaway, Ross Patterson, and Jarred Taylor founded Hard AF Seltzer in April 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.24 million. The campaign proceeds will be used for hiring and point-of-sale merchandise.

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Investment Overview

Committed this round: $1,845,887

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
06/21/2024
Close Date
04/30/2025
Min. Goal
$50,000
Max Goal
$5,000,000
Min. Investment

$100

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$13,500,000

Valuation Cap

$15,000,000

Discount

0%

Company & Team

Company

Year Founded
2021
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
Location
Austin, Texas
Business Type
Growth
Company Website
Visit Website

Team

Employees
4
Prior Founder Exits?
No
Founder Name
Daniel Hollaway
Founder Name
Ross Patterson
Founder Name
Jarredd Taylor

Financials

as of Fiscal Year 2023
 Revenue +51% YoY
$281,280
 Monthly Burn
$25,000
 Runway
0.4 months

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$281,280

$186,677

COGS

$516,324

$263,552

Tax

$0

$0

 

 

Net Income

$-531,525

$-182,869

Summary Balance Sheet

FY 2023 FY 2022

Cash

$186,895

$112,169

Accounts Receivable

$8,700

$25,925

Total Assets

$336,367

$203,257

Short-Term Debt

$76,027

$36,392

Long-Term Debt

$250,000

$0

Total Liabilities

$326,027

$36,392

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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
04/30/2025 Wefunder $15,000,000 $1,845,887 SAFE Active RegCF
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Add to portfolio
Hard AF Seltzer on Wefunder 2024
Platform: Wefunder
Security Type: SAFE
Valuation: $15,000,000

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