Passion Tree
Early Stage
The People’s Seltzer
Overview
Raised: $84,063
Total Commitments ($USD)
Platform
StartEngine
Start Date
10/31/2021
Close Date
04/26/2022
Min. Goal
$9,999
Max. Goal
$1,069,995
Min. Investment
$246
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$3.00
Pre-Money Valuation
$29,483,535
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/30/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$478
# of Investors
65
Momentum
Funded
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Year Founded
2020
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
Low
Passion Tree, with a valuation of $29.5 million, is raising funds on StartEngine. The company crafts high-quality hard seltzer with superior flavors. The hard seltzer of Passion Tree is the highest-rated, contains 5.5% alcohol, and comes in exotic fruit flavors. Passion Tree has a triple-digit growth rate and has signed deals with Caribbean partners to launch in Puerto Rico this year. Jacob Ryder, Garrett Olsen, and Andrew Kuklock founded Passion Tree in January 2020. The current crowdfunding campaign has a minimum target of $9,999 and a maximum target of $1,069,995. The campaign proceeds will be used for global expansion.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-32,544 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$218,867 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$362,684 |
$0 |
|
Short-Term Debt |
$8,540 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$8,540 |
$0 |
Financials as of: 10/31/2021
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