Hercules Mulligan

Hercules Mulligan

Early Stage

Lead the Ready-to-Drink Cocktail Revolution

Lead the Ready-to-Drink Cocktail Revolution

Overview

Raised to Date: Raised: $749,878

Total Commitments ($USD)

Platform

StartEngine

Start Date

09/19/2021

Close Date

03/22/2022

Min. Goal
$10,000
Max. Goal
$750,000
Min. Investment

$100

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.00

Pre-Money Valuation

$9,000,000

Rolling Commitments ($USD)

Status
Funded
Reporting Date

03/30/2022

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$4,098

# of Investors

803

Momentum
Funded
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Year Founded

2019

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Location

Wilmington, Delaware

Business Type

Life Style

Hercules Mulligan, with a valuation of $9 million, is raising funds on StartEngine. The company makes ready-to-drink cocktails using Caribbean Rum, American Rye Whiskey, fresh organic ginger, and bitters. The cocktail brings the craft cocktail bar experience home and has been co-developed by Flaviar. Hercules Mulligan has sold over 12,000 bottles with an outstanding repurchase rate of 22%. Steve Luttman founded Hercules Mulligan in August 2019. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $750,000. The campaign proceeds will be used to develop product innovations to add to the portfolio.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$80,000

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$58,312

$-911

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$1,500

$1,500

Accounts Receivable

$80,000

$0

Total Assets

$212,125

$76,125

Short-Term Debt

$54,724

$77,036

Long-Term Debt

$0

$0

Total Liabilities

$54,724

$77,036

Financials as of: 09/19/2021
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Hercules Mulligan 08/19/2023 StartEngine $17,507,877 $642,574 Equity - Common Funded RegCF
Hercules Mulligan 09/05/2022 StartEngine $15,031,159 $524,497 Equity - Common Funded RegCF
Hercules Mulligan 03/21/2022 StartEngine $9,000,000 $749,878 Equity - Common Funded RegCF
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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Add to portfolio
Hercules Mulligan on StartEngine 2021
Platform: StartEngine
Security Type: Equity - Common
Valuation: $9,000,000
Price per Share: $2.00

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