HunniCo

HunniCo

Closed: Apr. 2022

About this raise

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.

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Investment Overview

Invested this round: $76,580

Deal Terms

Total Commitments

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%

Company & Team

Company

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
Company Website
Visit Website

Team

Employees
2
Prior Founder Exits?
No
Founder Name
Karin Butler
Title
CEO

Financials

 Revenue
$38,160
 Monthly Burn
$13,015
 Runway
5 months

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

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/30/2022 Wefunder $3,000,000 $76,580 SAFE Funded RegCF
06/10/2019 Wefunder $3,000,000 $123,852 SAFE Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Employee History

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HunniCo on Wefunder
Platform: Wefunder
Security Type: SAFE
Valuation: $3,000,000

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