Lunar Hard Seltzer
Early Stage
Award-winning craft hard seltzer spotlighting traditional & modern Asian flavors
Overview
Raised: $130,680
Total Commitments ($USD)
Platform
Republic
Start Date
01/20/2023
Close Date
03/20/2023
Min. Goal
$25,000
Max. Goal
$1,235,000
Min. Investment
$100
Security Type
SAFE
Funding Type
RegCF
Valuation Cap
$12,000,000
Discount Rate
10%
Rolling Commitments ($USD)
Status
Active
Reporting Date
02/02/2023
Days Remaining
46
% of Min. Goal
523%
% of Max. Goal
11%
Likelihood of Max
Avg. Daily Raise
$10,052
# of Investors
110
Momentum
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Location
Long Island City, New York
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
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
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$231,167 |
$12,155 |
|
COGS |
$194,501 |
$10,453 |
|
Tax |
$983 |
$142 |
| ||
| ||
|
Net Income |
$-401,316 |
$-74,141 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
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: 01/20/2023
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