KOKORO Spirits

Neutral
BETA

Promoting Sustainability and Community with Premium Spirits from Around the World

Analytics

Raised to Date: $63,499

Aggregate Commitments $
Platform

Wefunder

Start Date

08/21/2020

Close Date

11/20/2020

Min. Goal

$250,000

Max. Goal

$350,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Seed

Valuation Cap

$3,500,000

Discount Rate

20%

Weekly Commitments $
Status

Active

Reporting Date

10/18/2020

Days Remaining

31

% of Min. Goal

25%

% of Max. Goal

18%

Likelihood of Max
Avg. Daily Raise

$1,095

# of Investors

84

Momentum
Location

San Francisco, CA

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Business Type

Life Style

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

$0

Total Liabilities

$76,759

$8,638

Ratings

last updated 10/20/2020

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