Meridian Hive

Meridian Hive

Early Stage

We make the best mead on the planet!

We make the best mead on the planet!

Overview

Raised this Round: Raised: $244,500

Total Commitments ($USD)

Platform

Wefunder

Start Date

10/04/2018

Close Date

03/26/2019

Min. Goal
$200,000
Max. Goal
$1,000,000
Min. Investment

$500

Security Type

Convertible Note

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$7,500,000

Discount

0%

Year Founded

2016

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Location

Austin, Texas

Meridian Hive is bringing you the next big thing in mead. Mead is gluten-free, made out of fermented honey, and is used in craft beverages. Since their start in 2013, Meridian Hive is now being distributed in seven states and is sold in over 1200 restaurants, bars, and grocery stores. They have 15 products, and they’ve won 18 awards from prestigious mead competitions since their founding. Plus, they’ve earned over $730,000 in revenue in 2017 with 94% YoY annual growth since 2013. Meridian is among H-E-B’s fastest growing Texas Craft Brands in 2018, and co-founder Mike Simmons is the only person to ever win four gold medals in a single year at the largest mead competition, The Mazer Cup.
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Meridian Hive on Wefunder
Platform: Wefunder
Security Type: Convertible Note
Valuation: $7,500,000

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