Honeydrop
About this raise
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.
Investment Overview
Invested $368,215 :
Deal Terms
Company & Team
Company
- Year Founded
- 2006
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Medium
- Capital Intensity
- High
Financials
- Revenue +33% YoY
- $1,100,000
- Monthly Burn
- $30,142
-
Runway
- 1.5 months
- Gross Margin
- 47%
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Company Funding & Growth
Funding history
Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
---|---|---|---|---|---|---|
11/26/2021 | StartEngine | $17,269,896 | $368,215 | Equity - Common | Funded | RegCF |