Stormalong Cider

Stormalong Cider

Stormalong Cider, with a valuation of $12.29 million, is raising funds on StartEngine. The business makes award-winning hard ciders from fresh and local apples and other whole ingredients. Stormalong Cider does not use any artificial additives and concentrates, and delivers superior-tasting cider to over 3,000 retail locations, including Whole Foods and Trader Joe’s. The business has a loyal customer base and has generated 60% in CAGR since 2016 and $2.6 million in revenue in 2024 so far. Shannon Edgar and the Edgar family founded Stormalong Cider in September 2021. The current crowdfunding campaign has a minimum and maximum target of $123,986.02. The campaign proceeds will be used for research and development, inventory, company employment, and working capital.

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Investment Overview

Raised this Round: Raised: $92,090

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
11/05/2024
Close Date
02/03/2025
Min. Goal
$123,986
Max. Goal
$123,986
Min. Investment

$342

Security Type

Equity - Preferred

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$11.02

Pre-Money Valuation

$12,286,584

Company & Team

Company

Year Founded
2021
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Location
Sherborn, Massachusetts
Business Type
Growth
Company Website
Visit Website

Team

Employees
1
Prior Founder Exits?
No
Founder Name
Shannon Edgar
Title
CEO

Financials

as of Fiscal Year 2024
 Revenue +11% YoY
$3,072,683
 Monthly Burn
$200,000
 Runway
1.3 months
Gross Margin
35%

Summary Profit and Loss Statement

FY 2024 FY 2023

Revenue

$3,072,683

$2,774,604

COGS

$2,006,287

$1,954,100

Tax

$0

$0

 

 

Net Income

$-293,253

$-216,164

Summary Balance Sheet

FY 2024 FY 2023

Cash

$259,595

$137,775

Accounts Receivable

$367,439

$216,643

Total Assets

$2,614,837

$2,511,613

Short-Term Debt

$1,385,369

$793,670

Long-Term Debt

$157,497

$266,284

Total Liabilities

$1,542,866

$1,059,954

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
02/03/2025 StartEngine $12,286,584 $92,090 Equity - Preferred Active RegCF
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Add to portfolio
Stormalong Cider on StartEngine 2024
Platform: StartEngine
Security Type: Equity - Preferred
Valuation: $12,286,584
Price per Share: $11.02

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