Honeydrop

Honeydrop

Growth Stage

From the Bee To The Bottle

From the Bee To The Bottle

Overview

Raised to Date: Raised: $368,215

Total Commitments ($USD)

Platform

StartEngine

Start Date

11/29/2020

Close Date

11/25/2021

Min. Goal
$10,000
Max. Goal
$1,070,000
Min. Investment

$250

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.70

Pre-Money Valuation

$17,269,896

Rolling Commitments ($USD)

Status
Funded
Reporting Date

11/29/2021

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$1,020

# of Investors

450

Momentum
Funded
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Year Founded

2006

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Location

Malibu, California

Business Type

Growth

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: 11/29/2020
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Honeydrop on StartEngine
Platform: StartEngine
Security Type: Equity - Common
Valuation: $17,269,896
Price per Share: $0.70

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