Kuleana Spirits

Kuleana Spirits

Open  for investment

About this raise

Kuleana Spirits, with a valuation of $25.19 million, is raising funds on StartEngine. The company makes award-winning and sustainable rums using ko, Hawaiian heirloom sugarcane 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 $3.1 million. The campaign proceeds will be used for sales and marketing.

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Investment Overview

Committed this round: $219,773

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
01/17/2025
Close Date
04/16/2025
Min. Goal
$15,000
Max Goal
$3,142,816
Min. Investment

$501

Security Type

Equity - Preferred

Series

Series C

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.59

Pre-Money Valuation

$25,185,996

Company & Team

Company

Year Founded
2017
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Location
Kamuela, Hawaii
Business Type
Growth
Company Website
Visit Website

Team

Employees
50
Prior Founder Exits?
No
Founder Name
Steve Jefferson
Title
CEO and Director
Founder Name
Charlie Sander
Title
Director
Founder Name
David Lewis
Title
CFO, General Manager, Secretary

Financials

as of December 1, 2024
 Revenue -7.5% YoY
$3,277,516
 Monthly Burn
$125,000
 Runway
2.5 months
Gross Margin
56%

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$3,277,516

$3,542,212

COGS

$1,445,124

$1,866,682

Tax

$0

$0

 

 

Net Income

$-2,288,038

$-2,268,414

Summary Balance Sheet

FY 2023 FY 2022

Cash

$244,737

$599,032

Accounts Receivable

$161,777

$165,244

Total Assets

$7,807,281

$8,163,160

Short-Term Debt

$635,270

$474,795

Long-Term Debt

$4,584,676

$2,849,741

Total Liabilities

$5,219,946

$3,324,536

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$10,243,961
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/16/2025 StartEngine $25,185,996 $219,773 Equity - Preferred Active RegCF
09/23/2024 StartEngine $25,185,886 $1,939,995 Equity - Preferred 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

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Kuleana Spirits on StartEngine 2025
Platform: StartEngine
Security Type: Equity - Preferred
Valuation: $25,185,996
Price per Share: $0.59

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