smoothsail Sparkling Sake
Early Stage
Innovative canned sparkling sake from International Superstar Jay Sean
Overview
Raised: $0
Total Commitments ($USD)
Platform
Republic
Start Date
06/20/2023
Close Date
08/23/2023
Min. Goal
$50,000
Max. Goal
$1,235,000
Min. Investment
$200
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Early Bird Val. Cap
$6,400,000
Valuation Cap
$8,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
08/23/2023
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$0
Momentum
Not Funded
Create a free account today to gain access to KingsCrowd analytics.
Year Founded
2019
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
smoothsail Sparkling Sake, with a valuation of $8 million, is raising funds on Republic. The company makes and sells innovative canned sparkling Sake, a Japanese rice wine. smoothsail Sparkling Sake has delicious natural flavors and is free of gluten, tannin, sugar, and sulfite. The products of smoothsail Sparkling Sake are made in a premium Sake brewery in the US and come in a variety of flavors, including peach, berry, and cucumber mint. Jay Sean founded smoothsail Sparkling Sake in October 2019. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.24 million. The campaign proceeds will be used for technology and product development, sales and marketing, infrastructure, and general working capital.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$17,759 |
$4,281 |
|
COGS |
$11,047 |
$3,040 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-181,479 |
$-49,700 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$81,870 |
$101,513 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$159,706 |
$118,498 |
|
Short-Term Debt |
$7,500 |
$0 |
|
Long-Term Debt |
$213,272 |
$101,200 |
|
Total Liabilities |
$220,772 |
$101,200 |
Financials as of: 06/20/2023
Create a free account today to gain access to KingsCrowd analytics.
Upgrade to gain access
Pay Monthly
Annually (Save 17%)
-
$25 /month
billed annually - Free portfolio tracking, data-driven ratings, AI analysis and reports
- Plan Includes:
- Everything in Free, plus
- Company specific
KingsCrowd ratings and analyst reports
- Deal explorer and side-by-side comparison
- Startup exit and failure tracking
- Startup market filters and historical industry data
- Advanced company search ( with ratings)
- Get Edge Annual
Edge
Already a member? Log in here.
Ratings 
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.