Hey Mama Wines
Early Stage
You're Doing Great Mama!
Overview
Raised: $58,374
Total Commitments ($USD)
Platform
StartEngine
Start Date
04/28/2021
Close Date
10/26/2021
Min. Goal
$10,000
Max. Goal
$1,070,000
Min. Investment
$250
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$10.00
Pre-Money Valuation
$10,000,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
10/30/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$324
# of Investors
73
Momentum
Funded
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Year Founded
2019
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
Hey Mama Wines, with a $10 million pre-money valuation, is raising funds on StartEngine. The company makes delicious wines and supports women who are making a difference every day. The business approaches wine in a way a modern mom can relate to. Lauren Strokes founded Hey Mama Wines in 2019. The current crowdfunding round has a minimum target of $10,000 and a maximum target of $1,070,000, and the funds will be used to expand the footprint and grow the brand through large partnerships. Hey Mama Wines is growing rapidly and is found in over 45 accounts along the 30A corridor. The company expects its revenue to grow by 1,320% in 2021, with COGS expected to increase by 898% and total expenses expected to increase by 136%.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$72,503 |
$0 |
|
COGS |
$56,575 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-65,176 |
$-15,993 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$3,481 |
$7 |
|
Accounts Receivable |
$3,565 |
$0 |
|
Total Assets |
$77,313 |
$7 |
|
Short-Term Debt |
$70,482 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$70,482 |
$0 |
Financials as of: 04/28/2021
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