The Kentucky Hug
Early Stage
Bourbon Experience Marketplace and Booking Platform
Overview
Raised: $73,850
Total Commitments ($USD)
Platform
Wefunder
Start Date
09/18/2023
Close Date
04/29/2024
Min. Goal
$50,000
Max. Goal
$500,000
Min. Investment
$500
Security Type
Equity - Common
SEC Filing Type
RegCF
Price Per Share
$500.00
Pre-Money Valuation
$4,000,000
Rolling Commitments ($USD)
Status
Active
Reporting Date
09/26/2023
Days Remaining
216
% of Min. Goal
148%
% of Max. Goal
15%
Likelihood of Max
Avg. Daily Raise
$9,231
Momentum
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Year Founded
2022
Industry
Business Services, Software, & Applications
Tech Sector
MarketplaceTech
Location
Prospect, Kentucky
The Kentucky Hug, with a valuation of $4 million, is raising funds on Wefunder. The company is developing a Bourbon experience marketplace for consumers to book multiple tours in one place. The Kentucky Hug has partnered with one of the largest brands in the Kentucky Bourbon industry and is reinventing Bourbon tourism. The platform will bring centralized experience for users and enable them to research, plan, and purchase a multi-distillery trip. Dan Murphy, Eddie Fieldhouse, and David Galownia founded The Kentucky Hug in August 2022. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $500,000. The campaign proceeds will be used for software development, sales, customer service, and marketing.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$0 |
$0 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$0 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$0 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 09/18/2023
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