Honeydrop
Growth Stage
From the Bee To The Bottle
Analytics
Raised: $368,215
Aggregate Commitments $
Platform
StartEngine
Start Date
11/30/2020
Close Date
11/26/2021
Min. Goal
$10,000
Max. Goal
$1,070,000
Min. Investment
$250
Security Type
Equity - Common
Funding Type
RegCF
Series
Seed
Pre-Money Valuation
$17,269,896
Rolling Commitments $
Status
Funded
Reporting Date
11/28/2021
Days Remaining
Funded
% of Min. Goal
3,682%
% of Max. Goal
34%
Likelihood of Max
Funded
Avg. Daily Raise
$1,020
Momentum
Funded
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Location
Malibu, California
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
Honeydrop, with a pre-money valuation of $17.3 million, is raising funds on StartEngine. The company makes premium cold-pressed lemonades with a drop of raw honey. The lemonades of Honeydrop are made with superior ingredients, never heated, and contain only 4 grams of sugar and 16 calories per bottle. Andrew Lorig and David Luks founded Honeydrop in 2006. The current round of crowdfunding has a minimum goal of $9,999.50 and a maximum goal of $1,069,999.70, and the funds will be used for growth and expansion. Honeydrop is not only a fun and active lifestyle brand but also contributes to important causes, like Colony Collapse Disorder, a disease that has decreased the bee population manifold.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$829,515 |
$770,818 |
|
COGS |
$441,620 |
$320,932 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-361,709 |
$-547,318 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$44,281 |
$30,814 |
|
Accounts Receivable |
$107,277 |
$183,754 |
|
Total Assets |
$641,654 |
$728,949 |
|
Short-Term Debt |
$12,158 |
$7,289 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$12,158 |
$7,289 |
Financials as of: 11/30/2020
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