Hercules Mulligan (2022)

About this raise

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.

Expand

Investment Overview

Invested this round: $524,497

Deal Terms

Total Commitments

Platform
StartEngine
Start Date
06/08/2022
Close Date
09/06/2022
Min. Goal
$9,999
Max Goal
$1,000,009
Min. Investment

$101

Security Type

Equity - Common

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.89

Pre-Money Valuation

$15,031,159

Company & Team

Company

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
Visit Website

Team

Employees
9
Prior Founder Exits?
Yes
Founder Name
Steve Luttmann
Title
CEO

Financials

 Revenue
$135,000
 Monthly Burn
$6,191
 Runway
24+ months

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

Create a free account today to gain access to Kingscrowd analytics and financials.

Upgrade to gain access

Pay Monthly
Annually (2 months free)

Edge

$12.50 /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

Company Funding & Growth

Funding history

Total Prior Capital Raised
$170,000
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
11/18/2024 StartEngine $17,022,530 $142,565 Equity - Common Funded RegCF
08/20/2023 StartEngine $17,507,877 $642,574 Equity - Common Funded RegCF
09/06/2022 StartEngine $15,031,159 $524,497 Equity - Common Funded RegCF
03/22/2022 StartEngine $9,000,000 $749,878 Equity - Common Funded RegCF
Create a free account today to gain access to Kingscrowd analytics.

Growth Charts

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.

Valuation History

Price per Share History

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

Employee History

Founders: enhance your startup's credibility on Kingscrowd. Create an account to claim this raise page.
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