Crowdonomics
All companies
Passion Tree Co. logo

Passion Tree Co.

Operating

Passion Tree, Co.

Alcohol · Minneapolis, DE · Founded 2020

The people's seltzer

Post-money valuation ⓘ
$29.6M
As of Apr 2022 · from Reg CF Offering (2021) · pre-money + amount raised, not a traded price
Total raised
$1,223,742
Crowd $48K · Private $1.2M · 2 rounds since 2020
Latest share price
$3.00
Reg CF · Common Stock · Oct 2021 offering price

Financials

FY2019–FY2020 · from SEC filings · hover any figure for its source
$0
2019
$0
−$33K
2020
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2019 reviewed
FY2020 reviewed
Income statement
Revenue
$0
$0
Cost of goods sold
$0
$0
Net income
$0
-$32,544
Taxes paid
$0
$0
Balance sheet
Cash
$0
$218,867
Accounts receivable
$0
$0
Total assets
$0
$362,684
Short-term debt
$0
$8,540
Long-term debt
$0
$0
Total liabilities
$0
$8,540
Other
Headcount
—
5

Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited, as the filing’s own report or certification states it. A dashed pill marked * is inferred instead: the SEC minimum for an offering that size, which the issuer may have exceeded. No pill means we couldn’t tell. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Pre-money — the valuation set before each round’s money came in
$29.5M
pre-money
Reg CF · Common · Oct 2021

Blue bars are the pre-money valuation the company stated for a priced round.

Share price over rounds

$3.00$1.50$1.9294
Dec 2020Oct 2021
Round offering price or verified disclosed saleDisclosed sale, unverified or year-only

Disclosed sales come from the issuer's own filings (prior-offering lines, audited-statement notes) and are amount ÷ securities sold. A down round is a firm point more than 25 % below the previous firm point of the same share class on a comparable basis; the comparison ignores unverified and year-only lines.

Cap table

Principal holders% as the filing states it, Oct 28, 2021

  • Garret Olson32.5%of company
  • Andy Kuklock31.5%of company
  • Jake Ryder26.7%of company
  • Aurora Wines4.8%of company

Sold to the crowd

From the company's SEC filings: share counts per class, each class's voting and conversion terms, and the holders of 20% or more that Form C requires (officers and 10%+ holders on Form 1-A). Filings name only large holders, so most owners — including crowd investors — are not listed, and a holder's percentage may be of its own class rather than of the whole company. Prices and crowd share counts are in today's share terms — adjusted for splits and conversions since they were sold. Hover a figure for its filing.

Fundraising history

Raised $48.2K / $1.1MInvestors 65Post-money $29.6M
Raised $1.2MInvestors 10

Team

5 people
Andrew KuklockFounder
Director & CMO

18 year old kid from Minnesota grabbed a backpack and headed out to Los Angeles with no money, no connections at all. Testing myself in uncomfortable situations is how I've grow into the man I am today. 7 years later, I've successfully founded & launched a digital media company that handled all marketing content for international multi-million dollar business clientele, top social media influencers and A-list celebrities.

Garrett OlsenFounder
Director & CEO

It's funny how graduating with a mechanical engineering degree and being sent to Miami to work as a sales engineer for ABB brought me to Schnebly’s winery. That day changed my life into Passion Tree Hard Seltzer. I’m a go getter, from buying rental properties at 21, to syndicating money and general contracting two house flips simultaneously while working a 9-5 at 22. I was given the opportunity to be here today, so I will work harder than anyone to achieve my dream, Passion Tree a global beast.

Jacob RyderFounder
Director & COO

I’ve always had a passion for building and creating. From working with NASA and autonomous aviation companies in order to develop wildfire protection technologies and space-to-earth laser communication systems, to starting a communications infrastructure company. Building new and better things is what drives me.

Jake Ryder
COO and Director
Andy Kuklock
CMO and Director

Names and titles as disclosed on StartEngine, SEC Form C. Bios and photos come from the platform campaign page and may be out of date.

Reg CF annual-report compliance

Delinquent

Filed 0 of 5 annual reports (FY2021–FY2025)

Missing: 2021, 2022, 2023, 2024, 2025

65 investors
holder-count proxy

Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.

SEC filings

  • Form C-UApr 29, 20220001665160-22-001224
    EDGAR
  • Form COct 28, 20210001665160-21-001920
    EDGAR
  • Form DJan 5, 20210001838691-21-000001
    EDGAR
Source: ManualCIK 0001838691DEShare price $3.00

About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.