Jungle Juice
College nostalgia in a can
Overview
Raised: $5,950
Total Commitments ($USD)
Platform
Honeycomb
Start Date
04/23/2024
Close Date
06/06/2024
Min. Goal
$40,000
Max. Goal
$80,000
Min. Investment
$100
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
14.00%
Term Length
3.0 years
Rolling Commitments ($USD)
Status
Active
Reporting Date
05/02/2024
Days Remaining
34
% of Min. Goal
15%
% of Max. Goal
7%
Likelihood of Max
Avg. Daily Raise
$661
# of Investors
9
Momentum
Create a free account today to gain access to KingsCrowd analytics.
Year Founded
2021
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
Jungle Juice is raising funds on Honeycomb. It is an alcoholic beverage brand in Cleveland, Ohio. Jungle Juice makes a non-carbonated hard fruit punch and brings back college nostalgia in a can. The drinks contain 6% ABV and are gluten-free and all-natural. Jungle Juice has been featured in Akron Beacon Journal, Axios Cleveland, Kent Wired, Kent State University’s Kent State Today, and Mahoning Matters and has a loyal customer base. Spencer Forrest and Marius Karl founded Jungle Juice in April 2021. The current crowdfunding campaign has a minimum target of $40,000 and a maximum target of $80,000. The campaign proceeds will be used for the production of jungle juice, marketing videos, and working capital.
Summary Profit and Loss Statement
| FY 2023 | FY 2022 | |
|---|---|---|
|
Revenue |
$9,093 |
$0 |
|
COGS |
$20 |
$22,340 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-35,178 |
$-39,968 |
Summary Balance Sheet
| FY 2023 | FY 2022 | |
|---|---|---|
|
Cash |
$33,327 |
$18,684 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$33,802 |
$31,170 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 04/23/2024
Create a free account today to gain access to KingsCrowd analytics.
Upgrade to gain access
Pay Monthly
Annually (Save 17%)
-
$25 /month
billed annually - Free portfolio tracking, data-driven ratings, AI analysis and reports
- Plan Includes:
- Everything in Free, plus
- Company specific
KingsCrowd ratings and analyst reports
- Deal explorer and side-by-side comparison
- Startup exit and failure tracking
- Startup market filters and historical industry data
- Advanced company search ( with ratings)
- Get Edge Annual
Edge
Already a member? Log in here.
Ratings 
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.