heywell
Early Stage
Sparkling adaptogenic waters modernizing the functional beverage category
Overview
Raised: $143,150
Total Commitments ($USD)
Platform
Republic
Start Date
11/30/2022
Close Date
01/31/2023
Min. Goal
$25,000
Max. Goal
$1,235,000
Min. Investment
$200
Security Type
SAFE
Series
Seed
Funding Type
RegCF
Valuation Cap
$7,500,000
Discount Rate
0%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
02/01/2023
Days Remaining
Funded
% of Min. Goal
573%
% of Max. Goal
12%
Likelihood of Max
Funded
Avg. Daily Raise
$2,309
# of Investors
76
Momentum
Funded
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Location
Hinsdale, Illinois
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B2C
Margin
Low
Capital Intensity
Low
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
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$374,262 |
$151,155 |
|
COGS |
$370,328 |
$198,288 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-245,589 |
$-306,290 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
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: 11/30/2022
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