Kuleana Spirits

Kuleana Spirits

Growth Stage

The Art and Soul of Rum

The Art and Soul of Rum

Overview

Raised to Date: Raised: $1,116,522

Total Commitments ($USD)

Platform

StartEngine

Start Date

02/22/2024

Close Date

04/29/2024

Min. Goal
$15,000
Max. Goal
$1,235,000
Min. Investment

$500

Security Type

Equity - Preferred

Series

Series B

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.59

Pre-Money Valuation

$25,185,886

Rolling Commitments ($USD)

Status

Active

Reporting Date

04/18/2024

Days Remaining

10

% of Min. Goal

7,444%

% of Max. Goal

90%

Likelihood of Max
likely
Avg. Daily Raise

$19,938

# of Investors

308

Momentum
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Year Founded

2017

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Location

Kamuela, Hawaii

Business Type

Growth

Kuleana Spirits, with a valuation of $25.19 million, is raising funds on StartEngine. The company makes award-winning and sustainable rums using fresh cane juice and regenerative farming. Kuleana Spirits’ rums do not contain any additives, colors, flavors, or sweeteners and transform the fresh-pressed juice into liquid poetry. The business has won several awards and has been featured in Forbes, Wine Enthusiast, and the Beverage Testing Institute. Steve Jefferson and Charles Sander founded Kuleana Spirits in August 2017. The current crowdfunding campaign has a minimum target of $14,999.57 and a maximum target of $1.23 million. The campaign proceeds will be used for sales and marketing.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$3,581,394

$2,903,037

COGS

$2,550,194

$2,133,935

Tax

$0

$0

 

 

Net Income

$-2,136,737

$-299,729

Summary Balance Sheet

FY 2023 FY 2022

Cash

$670,323

$1,424,628

Accounts Receivable

$130,244

$166,280

Total Assets

$9,469,656

$10,357,032

Short-Term Debt

$29,940

$3,319

Long-Term Debt

$469,960

$149,900

Total Liabilities

$499,900

$153,219

Financials as of: 02/22/2024
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Kuleana Spirits on StartEngine 2024
Platform: StartEngine
Security Type: Equity - Preferred
Valuation: $25,185,886
Price per Share: $0.59

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