KOKORO Spirits
Early Stage
Promoting Sustainability and Community with Premium Spirits from Around the World
Overview
Raised: $142,700
Total Commitments ($USD)
Platform
Wefunder
Start Date
08/20/2020
Close Date
06/30/2021
Min. Goal
$50,000
Max. Goal
$250,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$3,500,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
07/03/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$456
# of Investors
143
Momentum
Funded
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Year Founded
2020
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
KOKORO Spirits, with a $3.5 million valuation cap, is raising crowdfunding on Wefunder. It is a socially responsible company that sources, curates, and promotes premium spirits from around the world. The purpose is to honor traditional distillation methods and celebrate and share the culture of various communities. Howard Cao founded KOKORO Spirits in 2018 and has raised over $160,000 since its founding. The current crowdfunding campaign has a minimum goal of $250,000 and a maximum goal of $350,000. The funds will be used for financing the initial order of products from the distiller, marketing, and operating expenses. KOKORO Spirits’ first product is an award-winning tequila. The business model of the company leverages the increase in consumer demand to build brand enthusiasts.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-68,121 |
$-8,638 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$0 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$0 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$76,759 |
$8,638 |
|
Total Liabilities |
$76,759 |
$8,638 |
Financials as of: 08/20/2020
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