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

09/05/2022

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
Create a free account today to gain access to KingsCrowd analytics.
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 $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
Create a free account today to gain access to KingsCrowd analytics.

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
Create a free account today to gain access to KingsCrowd analytics.

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$25 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.

Ratings KingsCrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.

Create your first portfolio

Create your own startup investment portfolio on KingsCrowd.

Track all of your startup investments in one place using our state-of-the-art portfolio tracker tools. To begin, create your first portfolio below.

Add to portfolio
Hercules Mulligan on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $15,031,159
Price per Share: $2.89

Follow company

Follow Hercules Mulligan on StartEngine 2022

Buy Hercules Mulligan's Deal Report

Warning: according to the close date for this deal, Hercules Mulligan may no longer be accepting investments.

Hercules Mulligan Deal Report

Get KingsCrowd’s comprehensive report on Hercules Mulligan including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether Hercules Mulligan is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the Hercules Mulligan deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge