Lunar Hard Seltzer
Early Stage
Award-winning craft hard seltzer spotlighting traditional & modern Asian flavors
Overview
Raised: $266,185
Total Commitments ($USD)
Platform
Republic
Start Date
01/19/2023
Close Date
03/20/2023
Min. Goal
$25,000
Max. Goal
$1,235,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$12,000,000
Discount
10%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
03/30/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$4,512
# of Investors
285
Momentum
Funded
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Year Founded
2019
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Lunar Hard Seltzer, with a valuation of $12 million, is raising funds on Republic. The company makes hard seltzer using real Asian fruits. The products of Lunar Hard Seltzer are all-natural, gluten-free, and made using reverse-osmosis filtered water and without any artificial chemicals. Lunar Hard Seltzer comes in nostalgic flavors curated by iconic chefs and includes flavors like pineapple cake, mango and chili salt, white peach oolong, salted kumquat, mint omija, and more. Kevin Wong and Sean Ro founded Lunar Hard Seltzer in August 2019. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1.24 million. The campaign proceeds will be used to launch new flavors, build new collaborations, and build taprooms.
Summary Profit and Loss Statement
| FY 2021 | FY 2020 | |
|---|---|---|
|
Revenue |
$231,167 |
$12,155 |
|
COGS |
$194,501 |
$10,453 |
|
Tax |
$983 |
$142 |
| ||
| ||
|
Net Income |
$-401,316 |
$-74,141 |
Summary Balance Sheet
| FY 2021 | FY 2020 | |
|---|---|---|
|
Cash |
$122,130 |
$8,382 |
|
Accounts Receivable |
$23,951 |
$3,854 |
|
Total Assets |
$218,628 |
$50,990 |
|
Short-Term Debt |
$4,468 |
$514 |
|
Long-Term Debt |
$692,000 |
$127,000 |
|
Total Liabilities |
$696,468 |
$127,514 |
Financials as of: 01/19/2023
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