Palmia

Palmia

Early Stage

Spanish inspired and U.S. brewed, the world's 1st 90 calorie lemon-infused lager.

Spanish inspired and U.S. brewed, the world's 1st 90 calorie lemon-infused lager.

Overview

Raised this Round: Raised: $204,565

Platform

Wefunder

Start Date

04/10/2017

Close Date

07/20/2017

Min. Goal
$100,000
Max. Goal
$1,000,000
Min. Investment

$100

Security Type

SAFE

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$4,000,000

Valuation Cap

$5,000,000

Discount

20%

Year Founded

2012

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Location

San Francisco, California

Palmia, with a valuation of $5 million, is raising funds on Wefunder. It is the world’s first 90-calorie lemon-infused lager. Palmia is Spanish-inspired but brewed in the US and is currently sold in more than 150 California stores and 30 bars and restaurants. The company also recently opened distributor accounts in Oregon and has partnerships with Whole Foods, Target, Total Wine & More, Cost Plus Sprouts, BevMo!, LYFT, the San Jose Sharks, and the SAP Center. Robert Nathanson founded Palmia in June 2012. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $1 million. The campaign proceeds will be used for production, marketing, distribution, product development, hiring, and working capital.

Summary Profit and Loss Statement

FY 2016 FY 2015

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-33,093

$-17,581

Summary Balance Sheet

FY 2016 FY 2015

Cash

$350

$1,728

Accounts Receivable

$0

$0

Total Assets

$10,350

$11,728

Short-Term Debt

$0

$7,331

Long-Term Debt

$140,438

$140,438

Total Liabilities

$140,438

$147,769

Financials as of: 04/10/2017
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Palmia 01/22/2019 Wefunder $5,000,000 $679,832 SAFE Funded RegCF
Palmia 07/19/2017 Wefunder $5,000,000 $204,565 SAFE Funded RegCF
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Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

Funding data not publicly available

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Palmia on Wefunder 2017
Platform: Wefunder
Security Type: SAFE
Valuation: $5,000,000

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