Seir Hill
Early Stage
Exceptional spirits without alcohol
Overview
Raised: $2,205
Total Commitments ($USD)
Platform
Netcapital
Start Date
12/19/2023
Close Date
06/21/2024
Min. Goal
$10,010
Max. Goal
$499,975
Min. Investment
$105
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$35.00
Pre-Money Valuation
$3,500,000
Rolling Commitments ($USD)
Status
Active
Reporting Date
05/07/2024
Days Remaining
44
% of Min. Goal
22%
% of Max. Goal
0%
Likelihood of Max
Avg. Daily Raise
$16
Momentum
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Year Founded
2020
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Seir Hill, with a valuation of $3.5 million, is raising funds on NetCapital. The company makes healthy alternatives to traditional spirits to elevate the moments of celebration and connection. Seir Hill makes premium craft spirits without alcohol so that adults don’t have to compromise on taste and enjoyment. The business has won several awards and reported a 69% year-over-year sales growth from 2020 to YTD 2023. Brian D Miller founded Seir Hill in May 2020. The current crowdfunding campaign has a minimum target of $10,010 and a maximum target of $499,975. The campaign proceeds will be used for inventory, marketing, innovation, credit card liabilities, sales, and legal fees.
Summary Profit and Loss Statement
| FY 2023 | FY 2022 | |
|---|---|---|
|
Revenue |
$49,878 |
$49,183 |
|
COGS |
$22,130 |
$25,782 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-104,558 |
$117,547 |
Summary Balance Sheet
| FY 2023 | FY 2022 | |
|---|---|---|
|
Cash |
$1,807 |
$33,057 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$34,307 |
$98,057 |
|
Short-Term Debt |
$29,962 |
$24,116 |
|
Long-Term Debt |
$54,756 |
$52,256 |
|
Total Liabilities |
$84,718 |
$76,372 |
Financials as of: 12/19/2023
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