The Hidden Sea USA
Early Stage
PROFIT FOR PURPOSE
Overview
Raised: $21,750
Total Commitments ($USD)
Platform
Cultivate Capital
Start Date
11/21/2023
Close Date
11/14/2024
Min. Goal
$10,000
Max. Goal
$2,500,000
Min. Investment
$250
Security Type
Equity - Common
SEC Filing Type
RegCF
Price Per Share
$2.00
Pre-Money Valuation
$25,000,000
Rolling Commitments ($USD)
Status
Active
Reporting Date
12/03/2023
Days Remaining
347
% of Min. Goal
218%
% of Max. Goal
1%
Likelihood of Max
Avg. Daily Raise
$1,813
Momentum
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Year Founded
2015
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Location
Hermosa Beach, California
The Hidden Sea USA, with a valuation of $25 million, is raising funds on Cultivate Capital. It is a “profit for purpose” wine company that makes award-winning wines. The Hidden Sea USA is also dedicated to cleaning the environment and removes and recycles ten plastic bottles from the ocean for every bottle of The Hidden Sea sold. The brand has several awards, including the People’s Choice Wine Awards and the Drinks Business Awards, and has removed 24.5 million plastic bottles from the ocean to date. Richard Vandenberg and Justin Moran founded The Hidden Sea USA in October 2015. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $2.5 million. The campaign proceeds will be used to increase sales resources, grow points of distribution, and invest in new product development.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-16,620 |
$-28,094 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$24,182 |
$47 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$75,182 |
$47 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 11/21/2023
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