Nectar

Nectar

Growth Stage

The Modern Asian Alcohol Company. Beyond Tradition

The Modern Asian Alcohol Company. Beyond Tradition

Overview

Raised this Round: Raised: $0

Total Commitments ($USD)

Platform

Wefunder

Start Date

05/27/2024

Close Date

05/31/2024

Min. Goal
$50,000
Max. Goal
$1,200,000
Min. Investment

$100

Security Type

SAFE

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$33,666,667

Valuation Cap

$40,400,000

Discount

20%

Year Founded

2020

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Location

Los Angeles, California

Nectar, with a valuation of $40.4 million, is raising funds on Wefunder. It is a modern Asian alcohol company taking Asian flavors beyond tradition. Nectar makes hard seltzers in interesting flavours like Mango Melon, Li Hing Pineapple, Lilikoi Passionfruit, Jungle Juice, and Passionfruit Orange and plans to launch teas and sojus in 2025. The products of Nectar are carried in 2,100 stores across seven states and have sold over 8 million cans. John Dalsey and Jeremy Kim founded Nectar in February 2020. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.2 million. The campaign proceeds will be used for sales and marketing, working capital, product innovation, and hiring.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$3,404,451

$2,457,152

COGS

$2,776,329

$2,072,735

Tax

$0

$0

 

 

Net Income

$-3,883,657

$-2,826,495

Summary Balance Sheet

FY 2023 FY 2022

Cash

$282,237

$141,296

Accounts Receivable

$721,683

$676,648

Total Assets

$3,828,445

$2,216,817

Short-Term Debt

$1,279,857

$826,362

Long-Term Debt

$228,814

$724,368

Total Liabilities

$1,508,671

$1,550,730

Financials as of: 05/27/2024
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Nectar on Wefunder 2024
Platform: Wefunder
Security Type: SAFE
Valuation: $40,400,000

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