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: $524,497

Total Commitments ($USD)

Platform

StartEngine

Start Date

06/07/2022

Close Date

09/06/2022

Min. Goal
$9,999
Max. Goal
$1,000,009
Min. Investment

$101

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.89

Pre-Money Valuation

$15,031,159

Rolling Commitments ($USD)

Status
Funded
Reporting Date

09/29/2022

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

$5,828

# of Investors

481

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

Company Website

Hercules Mulligan, with a valuation of $15 million, is raising funds on StartEngine. The company makes ready-to-drink cocktails using high-quality spirits. The cocktail is a blend of three rums, three rye whiskies, fresh organic ginger, and tailor-made bitters. Hercules Mulligan allows consumers to enjoy a first-class bar-grade cocktail at home with no inconvenience. The cocktail is available at over 270 accounts in three markets and has grown its sales by 107% year-over-year. Steve Luttmann founded Hercules Mulligan in August 2019. The current crowdfunding campaign has a minimum target of $9,999.40 and a maximum target of $1,000,009.36. The campaign proceeds will be used for product innovation, growth, and expansion.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$135,000

$80,000

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-74,289

$58,312

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$1,038,737

$1,500

Accounts Receivable

$215,000

$80,000

Total Assets

$1,563,583

$212,125

Short-Term Debt

$434,731

$20,569

Long-Term Debt

$34,155

$34,155

Total Liabilities

$468,886

$54,724
Financials as of: 06/07/2022
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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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Hercules Mulligan on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $15,031,159
Price per Share: $2.89

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