The Kentucky Hug

The Kentucky Hug

Early Stage

Bourbon Experience Marketplace and Booking Platform

Bourbon Experience Marketplace and Booking Platform

Overview

Raised this Round: Raised: $94,500

Total Commitments ($USD)

Platform

Wefunder

Start Date

09/17/2023

Close Date

01/12/2024

Min. Goal
$50,000
Max. Goal
$500,000
Min. Investment

$500

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$500.00

Pre-Money Valuation

$4,000,000

Year Founded

2022

Industry

Business Services, Software, & Applications

Tech Sector

MarketplaceTech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Location

Prospect, Kentucky

Business Type

Growth

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: 09/17/2023
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The Kentucky Hug on Wefunder 2023
Platform: Wefunder
Security Type: Equity - Common
Valuation: $4,000,000
Price per Share: $500.00

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