heywell

heywell

Early Stage

Sparkling adaptogenic waters modernizing the functional beverage category

Sparkling adaptogenic waters modernizing the functional beverage category

Overview

Raised this Round: Raised: $143,150

Total Commitments ($USD)

Platform

Republic

Start Date

11/29/2022

Close Date

01/31/2023

Min. Goal
$25,000
Max. Goal
$1,235,000
Min. Investment

$200

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$7,500,000

Discount

0%

Year Founded

2019

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2B2C

Margin

Low

Capital Intensity

Low

Location

Hinsdale, Illinois

Business Type

Growth

heywell, with a valuation of $7.5 million, is raising funds on Republic. The company is modernizing the functional beverages industry with its sparkling adaptogenic waters. The beverages of heywell are delicious and plant-based and support hydration, energy, focus, immunity, and stress. The ingredients of heywell beverages are well-researched and include antioxidants, adaptogens, super herbs, organic caffeine, magnesium, potassium, and pink Himalayan sea salt. The business tripled its growth from 2020 to 2021 and is expected to reach $1 million in sales in 2022. Ashley Selman and Britt Dougherty founded heywell in February 2019. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1.24 million. The campaign proceeds will be used for manufacturing, growing distribution, hiring, and marketing.

Summary Profit and Loss Statement

FY 2021 FY 2020

Revenue

$374,262

$151,155

COGS

$370,328

$198,288

Tax

$0

$0

 

 

Net Income

$-245,589

$-306,290

Summary Balance Sheet

FY 2021 FY 2020

Cash

$145,695

$148,904

Accounts Receivable

$60,201

$34,642

Total Assets

$396,360

$358,102

Short-Term Debt

$76,729

$46,182

Long-Term Debt

$972,300

$713,000

Total Liabilities

$1,049,029

$759,182

Financials as of: 11/29/2022
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heywell on Republic 2022
Platform: Republic
Security Type: SAFE
Valuation: $7,500,000

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