Meridian Hive cover feature

Meridian Hive

Gold-winning mead: 2x growth in 2017
$242,250 Raised
Ended March 27th
65 Investors

Mead, the gluten-free alcohol made with fermented honey, is the next big thing in craft beverages. We're the next big thing in mead. Started in 2013 in Austin, TX, we're currently in our growth stage and are distributed in 7 states. We have 15 different products, making us appealing to the 50% of brewpub patrons choosing non-beer options (according to a Neilson study). We also help meet that demand through our popular carbonated draft mead, a modern and refreshing take on the classic alcohol.

Why you may want to invest
  1. Winner of 18 awards from prestigious mead competitions since 2013.

  2. More than $730k in 2017 revenue and 94% YOY annual growth since inception in 2013.

  3. Sold in over 1200 restaurants, bars, and grocery stores, including major chains like H-E-B, Total Wine, Whole Foods, Spec’s, Twin Liquors, and World of Beer.

  4. Distributed in 7 states including Texas, Colorado, Florida, Georgia, Tennessee, Connecticut, and New Mexico.

  5. As one of the best mead makers in the world, co-founder Mike Simmons is the only person to ever win four gold medals in a single year at the world's largest mead-making competition, The Mazer Cup.

  6. Among H-E-B's fastest growing Texas Craft Brands in 2018. 

  7. Current products include 6 Draft and 4 Still meads produced year round and 5 special & seasonal releases.

Learn more about this company

Company Details

Location
Austin, TX
Founded
2016
Employees
5

Key Team Members

Michael Simmons
Dir of Product Innovation
Eric Eugene Lowe
Operations Director
Cayce Rivers
Chief Executive Officer

Financials

Most recent Fiscal Year

Income Statement

Revenue
100%
$729,023
Cost of Goods Sold
104%
$379,170
Gross Profit
96%
$349,853
Taxes
$0
Net Income
106%
$8,855

Balance Sheet

Total Assets
92%
$421,066
Cash
307%
$35,468
Accounts Receivable
642%
$45,017
Short Term Debt
149%
$112,763
Long Term Debt
26%
$452,958

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