LiveWire

LiveWire

Early Stage

Top-Rated Ready-to-Drink Cocktail in the World

Top-Rated Ready-to-Drink Cocktail in the World

Overview

Raised this Round: Raised: $165,400

Total Commitments ($USD)

Platform

Wefunder

Start Date

08/07/2022

Close Date

04/30/2023

Min. Goal
$50,000
Max. Goal
$1,070,000
Min. Investment

$250

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$15,000,000

Valuation Cap

$16,000,000

Discount

10%

Year Founded

2019

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

Low

Location

Los Angeles, California

Business Type

Growth

LiveWire, with a valuation of $16 million, is raising funds on Wefunder. The company makes and sells ready-to-drink cocktails. The cocktails of LiveWire are made by award-winning bartenders who get an opportunity to monetize their press, and customers get to taste their cocktails. The bartenders also work with artists to create their own labels and use their creativity-driven approach to garner a customer base. LiveWire cocktails are selling in Walt Disney World, Whole Foods, BevMo, and Total Wines and have gross margins of 52%. Aaron Polsky founded LiveWire in August 2019. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1,070,000. The campaign proceeds will be used for inventory expansion, marketing, event sponsorship, team expansion, and influencer partnerships.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$295,347

$71,620

COGS

$241,083

$52,676

Tax

$0

$0

 

 

Net Income

$-428,869

$-96,830

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$69,667

$466,869

Accounts Receivable

$5,453

$0

Total Assets

$189,644

$532,297

Short-Term Debt

$66,302

$6,287

Long-Term Debt

$585,000

$575,000

Total Liabilities

$651,302

$581,287

Financials as of: 08/07/2022
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LiveWire on Wefunder 2022
Platform: Wefunder
Security Type: SAFE
Valuation: $16,000,000

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