Hook Hand Rum

Hook Hand Rum

Hook Hand Rum, with a valuation of $9.89 million, is raising funds on NetCapital. It is a premium spirits company that makes high-quality flavored rum. Hook Hand Rum’s flagship product is Blood Orange-flavored, with a hint of Madagascar vanilla and other natural flavors, and 35% ABV. The company uses premium ingredients and distillation practices to create its rum and has been featured on cocktail menus at several locations in Southern California. Dan Olson and Andrew Olson founded Hook Hand Rum in October 2018. The current crowdfunding campaign has a minimum target of $10,002 and a maximum target of $500,001. The campaign proceeds will be used for rum manufacturing, key hires, advertising, and marketing.

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Investment Overview

Raised this Round: Raised: $15,177

Deal Terms

Total Commitments ($USD)

Platform
Netcapital
Start Date
09/18/2024
Close Date
12/20/2024
Min. Goal
$10,002
Max. Goal
$500,001
Min. Investment

$99

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$3.00

Pre-Money Valuation

$9,891,000

Company & Team

Company

Year Founded
2018
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Location
Laguna Niguel, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
4
Prior Founder Exits?
No
Founder Name
Andrew Olson
Title
Chief Marketing Officer
Founder Name
Dan Olson
Title
Board Member and Counsel
Founder Name
Evan Owen

Financials

as of December 31, 2023
 Revenue
$11,738
 Monthly Burn
$6,010
 Runway
2.6 months
Gross Margin
18%

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$11,738

$0

COGS

$9,594

$0

Tax

$0

$0

 

 

Net Income

$-72,125

$-72,074

Summary Balance Sheet

FY 2023 FY 2022

Cash

$15,798

$9,824

Accounts Receivable

$0

$0

Total Assets

$64,424

$37,364

Short-Term Debt

$0

$0

Long-Term Debt

$192,500

$107,498

Total Liabilities

$192,500

$107,498

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$280,000
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
12/20/2024 Netcapital $9,891,000 $15,177 Equity - Common Active RegCF
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Add to portfolio
Hook Hand Rum on NetCapital 2024
Platform: Netcapital
Security Type: Equity - Common
Valuation: $9,891,000
Price per Share: $3.00

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