HunniCo

Early Stage

Honey water is the next big thing in flavored water, a rapidly growing market!

Overview

Raised to Date: Raised: $76,580

Total Commitments ($USD)

Platform

Wefunder

Start Date

02/18/2021

Close Date

04/30/2022

Min. Goal
$50,000
Max. Goal
$250,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$2,571,000

Valuation Cap

$3,000,000

Discount

0%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

05/01/2022

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

$176

# of Investors

198

Momentum
Funded
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Year Founded

2018

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

High

Location

Edmonds, Washington

Business Type

Growth

HunniCo, with a $3.5 million valuation cap, is raising crowdfunding on Wefunder. The company makes unique sparkling beverages consisting of just natural fruit, honey, and water. The two drinks are called Hunniwater Kindness and Hunniwater Detox. Eric Butler and Karin Butler founded Hunnico in 2018. The current crowdfunding campaign of the company has a minimum goal of $50,000 and a maximum goal of $250,000. The funds will be used for marketing, promotions, operations, and Hunniwater inventory. Hunnico operates out of its flagship store in Edmonds, WA, where it sells products and has its innovation lab and bottling line. The company plans to increase distribution and reach over 30,000 stores across the country.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$38,160

$0

COGS

$111,209

$0

Tax

$0

$0

 

 

Net Income

$-156,180

$-200

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$65,030

$700

Accounts Receivable

$0

$0

Total Assets

$132,019

$700

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 02/18/2021
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
HunniCo 04/30/2022 Wefunder $3,000,000 $76,580 SAFE Funded RegCF
HunniCo 06/10/2019 Wefunder $3,000,000 $123,852 SAFE Funded RegCF
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HunniCo on Wefunder
Platform: Wefunder
Security Type: SAFE
Valuation: $3,000,000

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