Meridian Hive
Early Stage
We make the best mead on the planet!
Analytics
Raised: $244,500
Aggregate Commitments $
Platform
Wefunder
Start Date
10/05/2018
Close Date
03/26/2019
Min. Goal
$200,000
Max. Goal
$1,000,000
Min. Investment
$500
Security Type
Convertible Note
Funding Type
RegCF
Valuation Cap
$7,500,000
Discount Rate
0%
Rolling Commitments $
Status
Funded
Reporting Date
03/31/2019
Days Remaining
Funded
% of Min. Goal
122%
% of Max. Goal
24%
Likelihood of Max
Funded
Avg. Daily Raise
$1,422
# of Investors
68
Momentum
Funded
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Location
Austin, Texas
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
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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