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.
Investment Overview
Raised: $15,177
Deal Terms
Total Commitments ($USD)
- Platform
- Netcapital
- Start Date
- 09/18/2024
- Close Date
- 12/20/2024
$10,002
$500,001
$99
Equity - Common
Pre-Seed
RegCF
$3.00
$9,891,000
Company & Team
Company
- Year Founded
- 2018
- Industry
- Alcohol, Tobacco, & Recreational Drugs
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Medium
- Capital Intensity
- Low
Financials
-
Revenue
- $11,738
- Monthly Burn
- $6,010
-
Runway
- 2.6 months
- Gross Margin
- 18%
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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 |