Self Care by Three Magnets Brewing

Self Care by Three Magnets Brewing

Open  for investment

About this raise

Self Care by Three Magnets Brewing, with a valuation of $5 million, is raising funds on StartEngine. It is a non-alcoholic craft beer with over 60 unique recipes and multiple beer awards. Self Care by Three Magnets Brewing caters to individuals who are more mindful of the repercussions of overindulging in alcohol and brings them a healthier alternative. The company has a national DTC business and has collaborations with Ben Gibbard, Sub Pop, and Seattle’s premier music festival Bumbershoot. Sara Reilly and Aaron Blonden founded Self Care by Three Magnets Brewing in June 2013. The current crowdfunding campaign has a minimum target of $124,000 and a maximum target of $1.24 million. The campaign proceeds will be used for research and development, inventory, company employment, equipment, marketing, and working capital.

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Investment Overview

Committed this round: $356,612

Deal Terms

Total Commitments

Platform
StartEngine
Start Date
11/26/2024
Close Date
06/30/2025
Min. Goal
$20,000
Max Goal
$1,235,000
Min. Investment

$300

Security Type

Equity - Common

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.00

Pre-Money Valuation

$5,000,000

Company & Team

Company

Year Founded
2013
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Location
Olympia, Washington
Business Type
Growth
Company Website
Visit Website

Team

Employees
4
Prior Founder Exits?
No
Founder Name
Sara Reilly
Title
CEO
Founder Name
Aaron Blonden
Title
Director of Brewing Operations
and Board Member

Financials

 Revenue -53.1% YoY
$543,096
as of Oct '24
 Monthly Burn
$18,000
as of Oct '24
 Runway
1.4 months
as of Oct '24
 Gross Margin
65%
as of FY2024

Summary Profit and Loss Statement

FY 2024 FY 2023

Revenue

$651,402

$543,096

COGS

$228,575

$322,905

Tax

$0

$0

 

 

Net Income

$-102,411

$-344,681

Summary Balance Sheet

FY 2024 FY 2023

Cash

$1,607

$11,818

Accounts Receivable

$0

$0

Total Assets

$93,115

$46,403

Short-Term Debt

$827,496

$656,229

Long-Term Debt

$930,317

$952,461

Total Liabilities

$1,757,813

$1,608,690

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$1,016,977
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
06/30/2025 StartEngine $5,000,000 $356,612 Equity - Common Active RegCF
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Self Care by Three Magnets Brewing on StartEngine 2024
Platform: StartEngine
Security Type: Equity - Common
Valuation: $5,000,000
Price per Share: $1.00

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