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Lunar Hard Seltzer isn't accepting new investments

Lunar Hard Seltzer’s deadline was March 21, 2023

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Lunar Hard Seltzer

Award-winning craft hard seltzer spotlighting traditional & modern Asian flavors
B2C D2C AAPI Founders Drinks Charity Diversity & Inclusion
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Featured image of Lunar Hard Seltzer
$266,185
Raised
285
Investors
Successfully funded and closed on March 21, 2023.
Invest in Lunar Hard Seltzer

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Closed on March 21, 2023. Information may not be up-to-date. Campaign closed on March 21, 2023. Information displayed may not be up-to-date.
Opportunity Concept Product Traction Customers Biz. model Market Competition Vision and strategy Impact Funding Founders
About Team Press

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Lunar Brands Inc. . View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Lunar Hard Seltzer Crowd SAFE Lunar Form C.pdf
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Hear from some of the 285 people reserved or invested in Lunar Hard Seltzer


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Highlights


$1M+ raised
Company has previously raised over $1M in capital
  • Award-winning hard seltzer made with real Asian fruits
  • A crowd favorite brand (sold out 2x) leading by sharing culture + heritage
  • Tripled growth 2021-2022, with 365%+ QoQ sales growth this year
  • Growing list of top retailers: Whole Foods, Trader Joe’s, Total Wine, HMart
  • $10B+ market opportunity in the #1 fastest growing beverage category
  • Awarded 2022 Vinepair Rising Drinks Brand of the Year
  • Carried at 200+ restaurants & 7+ Michelin spots, unlike any other seltzer

Opportunity


A huge opportunity created
by two major macro trends

1.

America's growing diversity has
led to a thirst for Asian flavors and stories

  • 40%+ of the US now identifies as an ethnic minority
  • 25M+ Asian Americans are the #1 highest earning and fastest growing ethnic group
  • Whole Foods identified Asian flavors as their top food trend...twice!
  • $500M+ raised for Asian consumer goods startups this year alone


A wave of Asian culture, flavors
and stories is sweeping the world

2.

Ready-to-drink beverages are a booming $10B category as consumers graduate from “hard seltzer 1.0”


  • Consumers are moving on from brands like White Claw in search of better products and mission driven brands with real ingredients
  • Yet < 10% of brewery owners are BIPOC, leading to a lack of products speaking to an increasingly diverse America

Concept


Meet Lunar: an award-winning, Asian-inspired craft hard seltzer

From homebrewing in our tiny studio apartments...to the beverage that tastemakers are repping today!

In 2019, co-founders Kevin and Sean were grabbing a late night Korean fried chicken dinner when they wondered: why were there only Bud Lights and White Claws, instead of drinks as high quality and authentic as the food?

They set out to create a delicious drink to properly represent Asian flavors and be accessible to everyone.

1.5 years of homebrewing, 500+ recipes, and various trips to Asia later to source the best fruits, they finally struck gold with Lunar.

Product


A beverage unlike others Lunar is worthy of iconic,
acclaimed restaurants


Featured at 7+ Michelin, Eater, and James Beard Foundation-awarded restaurants, unlike any other seltzer



—

Meet our Heritage Line:

Nostalgic flavors with iconic
chefs that sell out within hours


We started Lunar by featuring our fav childhood fruits. But we've gone a step further by taking the flavors nostalgic and emblematic of our heritage and reimagining them into seltzers.

With our annual Heritage Line, we partner with iconic chefs to brew flavors like Pineapple Cake (world's first seltzer with MSG as an ingredient) and Tamarind & Rice Paddy Herb, which sell out within hours. People have flown across the US just to snag some!!

Traction


Explosive growth as we launch in retail chains


We started in 2021 with the two of us co-founders knocking on doors and talking to buyers. In a short 18 months, we've made incredible progress in our first market, NYC, by landing some of the top retail chains, from Whole Foods, Trader Joe's, Total Wine, Fairway, H-Mart and more, and are already approved for launch in Costco and BJ's. But we're just getting started, by using NYC as our springboard to expand our distribution to more states!


—
Over 200+ restaurant and
bar accounts in NYC alone
—

Unlike other seltzers that aren't able to effectively sell into these channels due to cheap branding and lower quality, Lunar is uniquely able to succeed in stores and at your favorite restaurants, bars, clubs, and venues.


—
Loved by top media outlets
—

Customers


A brand beloved by America’s melting pot

—
A seltzer people actually enjoy drinking
—


—
A highly engaged community
built with tastemakers
—

 

Business model


Already achieving industry-leading sales velocity...

...while pioneering the premium seltzer category.

  • 300%+ higher revenue per store than beer/seltzer avg 
  • Top 3 sell-through rate across current chain footprint vs. peers
  • 81%+ accounts retained

Market


RTDs are a rapidly growing $10B+ category

  • Ready-to-drink beverages have been the #1 fastest growing drinks category since 2018
  • 16% CAGR over the next 5 years, taking market share from beer, wine and liquor 
  • Forecasted to capture 22% share of US alcohol by 2025
  • Consumers are moving on from "hard seltzer 1.0" brands like Truly in search of higher quality, mission driven brands; Drizly has seen an increase in average order $ over the past two years


Competition


High-quality, full-
flavor, and on-trend


Vision and strategy


Pioneering the cultural
renaissance in alcohol

To disrupt the alcohol industry by sharing the flavors from our culture and heritage, we'll:

  • Launch new flavors and formats (and supporters get to participate in R&D)
  • Drop fire collabs with the most iconic, culturally forward brands
  • Build taprooms around community and culture


—
Scaling distribution and expand
to new markets
—

With our best in class sales data in New York, we're leveraging that advantage to launch new retailers and new markets as we look to 2023 and beyond.

—
Our roadmap
—

Over the next few years we'll be strategically expanding Lunar across the US. Then, we'll head to Asia where we've already had significant import and customer interest.

Impact


1%+ donated to AAPI causes and non-profits

As non-profit volunteers ourselves, supporting the communities near and dear to our hearts is core to our mission at Lunar.  As part of Pledge 1%, every month we donate at least 1% of proceeds and our time to non-profit organizations, causes and individuals, in our effort to help support the AAPI community. 

Past non-profits we've supported include Welcome to Chinatown, Immigrant History Initiative, Apex for Youth, and many more. This year, we helped build a small business accelerator to help mom-and-pop Chinatown restaurants modernize their operations and renovate their businesses <3

Funding


Raising to expand to new markets and meet customer demand

Lunar has raised $1.1M to date from friends, family and notable strategic angels and executives in the beverage and alcohol industry. 

We're raising funds to support our expansion as customers and retailers continue asking for Lunar across existing and new markets.

With your support, we'll be able to increase our manufacturing and distribution capabilities and build a team to bring our product to even more people's fridges and share more of our culture to the world.

Use of Funds

Founders


Founded by two startup vets and kids of immigrants turned homebrewers 

who chose to make the change they wished
to see in the world

Kevin and Sean were eating Korean fried chicken when they wondered: why were there only Bud Lights and White Claws, instead of drinks as high quality and authentic as the food?

They set out to create a delicious drink that properly represented Asian flavors. 1.5 years of homebrewing, 500+ recipes and various trips to Asia later, they struck gold.

Kevin Wong (Taiwanese-American)
Co-Founder

Director, Corporate Strategy @ Yext
Investment Banking @ J.P. Morgan
University of Virginia



Sean Ro (Korean-American)
Co-Founder

Product Management @ Prescriptive Data
Product Design @ Conductor
Carnegie Mellon + University of Virginia

Deal terms


Valuation cap

$12,000,000

The maximum valuation at which your investment converts into equity shares or cash.
Learn more

Discount

10%

If a trigger event for Lunar Hard Seltzer occurs, the discount provision gives investors equity shares (or equal value in cash) at a reduced price.
Learn more.

Minimum investment

$100

The smallest investment amount that Lunar Hard Seltzer is accepting.
Learn more

Maximum investment

$123,500

The largest investment amount that Lunar Hard Seltzer is accepting.
Learn more

Funding goal

$1.24M

Lunar Hard Seltzer must achieve its minimum goal of $25K before the deadline. The maximum amount the offering can raise is $1.24M.
Learn more

Deadline
Lunar Hard Seltzer needs to reach their minimum funding goal before the deadline ( ). If they don’t, all investments will be refunded.
Learn more
Type of security

Crowd SAFE

A SAFE allows an investor to make a cash investment in a company, with rights to receive certain company stock at a later date, in connection with a specific event. · Learn more

Nominee Lead

Chief Executive Officer of Lunar Brands Inc. (currently Kevin Wong)

Will direct the Nominee on certain matters like voting, amendments and conversions affecting the security.
Learn more

How it works

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Lunar Brands Inc. . View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Lunar Hard Seltzer Crowd SAFE Lunar Form C.pdf

Bonus perks

In addition to your Crowd SAFE, you'll receive perks for investing in Lunar Hard Seltzer.
Invest
$500
Receive
  • Lunar Moon Rabbit Dad Hat
  • One free pack of Lunar
Invest
$1,000
Receive
  • Lunar Moon Rabbit Dad Hat
  • One free pack of Lunar
  • Lunar Hoodie (Exclusive Investor's Edition)
  • Early Access to New Flavor Drops
Invest
$2,500
Receive
  • Lunar Moon Rabbit Dad Hat
  • One free pack of Lunar
  • Lunar Hoodie (Exclusive Investor's Edition)
  • Early Access to New Flavor Drops
  • VIP swag box
  • 10% off for life on Lunar store
Invest
$5,000
Receive
  • Lunar Moon Rabbit Dad Hat
  • Lunar Hoodie (Exclusive Investor's Edition)
  • Early Access to New Flavor Drops
  • VIP swag box
  • 10% off for life on Lunar store
  • Exclusive Invite to Lunar R&D Tasting Parties
3 investors
Invest
$10,000
Receive
  • Lunar Moon Rabbit Dad Hat
  • Lunar Hoodie (Exclusive Investor's Edition)
  • Early Access to New Flavor Drops
  • VIP swag box
  • 10% off for life on Lunar store
  • Exclusive Invite to Lunar R&D Tasting Parties
  • Your own custom designed Lunar can
  • Have Lunar sponsor your next event
  • Limited (17 left of 20)

About Lunar Hard Seltzer

Legal Name
Lunar Brands Inc.
Founded
Aug 2019
Form
Delaware Corporation
Employees
6
Website
drinklunar.com
Social Media
Headquarters
Google Map location of of Lunar Hard Seltzer
41-34 Crescent Street #9H , Long Island City, NY
Headquarters
41-34 Crescent Street, #9H, Long Island City, NY, United States 11101

Lunar Hard Seltzer Team
Everyone helping build Lunar Hard Seltzer, not limited to employees

Profile picture of Kevin Wong
Kevin Wong
Co-Founder
Profile picture of Sean Ro
Sean Ro
Co-Founder
Kevin Wong
Co-Founder
Sean Ro
Co-Founder

Press

Next Wave Awards Rising Drinks Brand of the Year: Lunar H...
VinePair
·
Oct 20, 2022

The story of Lunar Hard Seltzer is one of triumph. In 2019, longtime friends Kevin Wong and Sean Ro began a homebrewing e...

Lunar Hard Seltzer Joins Forces With 3 Iconic Asian Resta...
Brewbound
·
May 9, 2022

NEW YORK, New York - On May 15th, the first-ever Asian craft hard seltzer brand, Lunar, will launch the second in its ser...

Lunar Hard Seltzer Is Pioneering Authentic Asian American...
VinePair
·
Jul 12, 2021

Kevin Wong and Sean Ro have been friends for over a decade. After graduating from the University of Virginia, the two mov...

14 Best Canned Cocktails To Drink In 2021 - Product Recom...
The Infatuation
·
Jun 29, 2021

Space exploration seems hard. As does any kind of sub-atomic research. But do you what really impresses us? A good canned...

Review: Lunar Hard Seltzers - Plum, Yuzu, and Lychee - Dr...
Drinkhacker: The Insider's Guide to Good Drinking
·
Jun 18, 2021

For the most part, hard seltzer flavors have stayed rather predictable, not venturing terribly far from the staples of ci...

Lunar Launches Heritage Hard Seltzer Line in Collaboratio...
Brewbound
·
May 18, 2021

Lunar co-founders Sean Ro and Kevin Wong were a couple drinks in, reminiscing about the "before times" -- when COVID-19 h...

We Tried 40 Flavors of Hard Seltzer and These Are Our Fav...
MyRecipes
·
May 13, 2021

If you are at all into beverages, you know that hard seltzer is continuing to have a serious moment. The idea is simple: ...

Two New Yorkers launched a line of Asian-inspired hard se...
Time Out New York Time Out New York
·
Oct 9, 2020

Lunar jumps on the meteoric success of hard seltzer but with ingredients not often used by brands like White Claw. Months...

Show all
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Lunar Hard Seltzer

Lunar Hard Seltzer successfully raised $266,185 from 285 investors on March 21, 2023
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Matthew, Antony, Mindy, Simon, Sreecharan, and 280 others invested. 37 Reviews
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