Lunar Hard Seltzer
About this raise
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.
Investment Overview
Invested : $266,185
Deal Terms
Total Commitments
- Platform
- Republic
- Start Date
- 01/20/2023
- Close Date
- 03/20/2023
$25,000
$1,235,000
$100
SAFE
Seed
RegCF
$12,000,000
10%
Company & Team
Company
- Year Founded
- 2019
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- Low
Financials
-
Revenue
- $231,167
- Monthly Burn
- $33,443
-
Runway
- 3.7 months
- Gross Margin
- 16%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $1,100,000
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 03/20/2023 | Republic | $12,000,000 | $266,185 | SAFE | Funded | RegCF |