Lunar Hard Seltzer

Lunar Hard Seltzer

Early Stage

Award-winning craft hard seltzer spotlighting traditional & modern Asian flavors

Award-winning craft hard seltzer spotlighting traditional & modern Asian flavors

Overview

Raised this Round: 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    Open SEC Filing

Valuation Cap

$12,000,000

Discount

10%

Year Founded

2019

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Location

Long Island City, New York

Business Type

Growth

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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Lunar Hard Seltzer on Republic 2023
Platform: Republic
Security Type: SAFE
Valuation: $12,000,000

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