Hazlo

Hazlo

Early Stage

Non-Alcoholic Herbal Teas

Non-Alcoholic Herbal Teas

Overview

Raised this Round: Raised: $0

Total Commitments ($USD)

Platform

Honeycomb

Start Date

06/19/2024

Close Date

06/29/2024

Min. Goal
$40,000
Max. Goal
$75,000
Min. Investment

$100

Security Type

SAFE

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$5,000,000

Discount

20%

Year Founded

2018

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Location

Denver, Colorado

Hazlo, with a valuation of $5 million, is raising funds on Honeycomb. The company is based in Lake Forest, Illinois, and makes unique non-alcoholic carbonated herbal teas. Hazlo blends the refreshing effervescence of carbonated drinks with the soothing qualities of herbal teas and creates healthy and delicious beverages. Hazlo’s formula was created by Eden Laurin, a James Beard Award winner, and offers a revolutionary beverage experience. Samuel Moore founded Hazlo in September 2018. The current crowdfunding campaign has a minimum target of $40,000 and a maximum target of $75,000. The campaign proceeds will be used for inventory, new product formulation, website redesign, and sales and marketing.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$31,131

$0

COGS

$26,852

$0

Tax

$0

$0

 

 

Net Income

$-80,067

$-49,174

Summary Balance Sheet

FY 2023 FY 2022

Cash

$10,147

$0

Accounts Receivable

$96

$0

Total Assets

$26,786

$10,243

Short-Term Debt

$1,059

$0

Long-Term Debt

$50,000

$0

Total Liabilities

$51,059

$0

Financials as of: 06/19/2024
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Hazlo on Honeycomb 2024
Platform: Honeycomb
Security Type: SAFE
Valuation: $5,000,000

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