Sool

Sool

Testing the Waters
Growth Stage

A Global Provider of Korean Alcoholic Beverages: Makku and Soku

A Global Provider of Korean Alcoholic Beverages: Makku and Soku

Overview

Raised to Date: Raised: $0

Total Commitments ($USD)

Platform

Wefunder

Start Date

02/27/2023

Close Date

Testing the Waters

Min. Goal
N/A - TTW
Max. Goal
N/A - TTW
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

Test the Waters    Open SEC Filing

Early Bird Val. Cap

$18,000,000

Valuation Cap

$20,000,000

Discount

10%

Rolling Commitments ($USD)

Status
N/A - TTW
Reporting Date

12/30/2023

% of Min. Goal
N/A - TTW
% of Max. Goal
N/A - TTW
Likelihood of Max
N/A - TTW
Avg. Daily Raise

$0

Momentum
N/A - TTW
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Year Founded

2017

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Location

Bayside, New York

Business Type

Growth

Sool, with a valuation of $20 million, is raising funds on Wefunder. The business is a global provider of Korean alcoholic beverages, including Makku and Soku. The company is globalizing Korean alcohol in an accessible and inclusive way and is building a supportive and inspiring community base. On the one hand, Makku is a modern take on makgeoli, while Soku is a Soju sparkling cocktail made using real fruit juice, a burst of bubbles, and the liquor soju. Sool sells across 22 states in the US and reported a 3,924% revenue growth from 2019 to 2021. Carol Pak founded Sool in June 2017. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $124,000. The campaign proceeds will be used for inventory purchasing, freight fees, new sales hires, and sales and distribution support.
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Sool 04/28/2024 Wefunder $18,000,000 $129,363 SAFE Active RegCF
Sool 11/30/2023 Wefunder $20,000,000 $0 SAFE Not Funded Test the Waters
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Price per Share History

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

Valuation History

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.

Employee History

Funding data not publicly available

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Sool on Wefunder 2023
Platform: Wefunder
Security Type: SAFE
Valuation: $20,000,000

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