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Security Type
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Common Stock
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Categories
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Food & Bev
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Min Investment
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$296
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Offering Date
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October 03, 2022
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Expected Close Date
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January 13, 2023
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Target Raise
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$10.00K-$1.07M
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No. Investors
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93
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Security Price
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$2.67
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Valuation
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$8,010,000
- Number of Employees
- 2
- Cash
- $103,390
- Revenue
- $0
- Short Term Debt
- $1,705
- Cost of Goods
- $0
- Long Term Debt
- $370,000
- Net Income
- $-115,767
Company Description
Hangobi is a delicious daily multivitamin in a can. We are seeking to be your primary recovery solution for working out, in the office or socializing with your friends. We believe we are a fast-growing company with $50.9k+ in overall revenue since late February 2022. In our view, our strong performance is supported by an established online presence with a high reorder rate (44% last 90 days) and a rapid expansion of our retail footprint with over 121+ independent stores in New York City since June 2022.
Perks
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$296+ Investment
StartEngine Owner’s Bonus
This offering is eligible for the StartEngine Owner’s 10% Bonus program. For details on this program, please see the Offering Summary section below.
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Friends and Family Early Birds
Invest within the first 48 hours and receive 20% bonus shares.
1
days
9
hours
24
mins
54
secs
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$650+ Investment
Tier 1
Invitation to Hangobi investor LinkedIn community and 20% off discount code to Hangobi.com.
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$1,300+ Investment
Tier 2
Receive 3% bonus shares, an invitation to Hangobi investor LinkedIn community, and a 20% off discount code to Hangobi.com.
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$5,000+ Investment
Tier 3
Receive 5% bonus shares, an invitation to Hangobi investor LinkedIn community, and a 25% off discount code to Hangobi.com.
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$10,000+ Investment
Tier 4
Receive 7% bonus shares, an invitation to Hangobi investor LinkedIn community, a 25% off discount code to Hangobi.com, one free T-shirt, and an hour with the founder.
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$25,000+ Investment
Tier 5
Receive 10% bonus shares, an invitation to Hangobi investor LinkedIn community, a 25% off discount code to Hangobi.com, one free T-shirt, and an hour with the founder.
Key Deal Facts
By combining delicious natural flavor with a reliable and recognizable impact, Hangobi is one of the first all-in-one “daily multivitamins” in a can. Feeling good never tasted so good.
We have strong traction online and exceptional retail trends. Online: 14k+ social media followers, videos with 50k+ views, $43.4k sales on Shopify and Amazon, 44%+ reorder rate over the last 90 days. Our physical presence: 121+ locations in NYC and counting since June 2022. Keynote partnerships projected in September 2022 will kickstart a high-velocity sell-through of our inventory in Q4 2022.
The $49.9B functional beverage market is booming but fragmented (source). We believe Hangobi is positioned to capitalize on this by combining a robust brand presence with reliable retail relationships. We were selected by AATAC (Asian American Trade Associations Council) as their primary functional beverage accessing 90,000+ convenience store member locations in the U.S.