Modern Times
Growth Stage
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Overview
Raised: $1,069,832
Total Commitments ($USD)
Platform
Wefunder
Start Date
04/21/2019
Close Date
04/30/2019
Min. Goal
$50,188
Max. Goal
$1,069,832
Min. Investment
$253
Security Type
Equity - Common
SEC Filing Type
RegCF
Price Per Share
$252.20
Pre-Money Valuation
$264,000,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/29/2019
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$133,729
# of Investors
1,872
Momentum
Funded
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Year Founded
2017
Industry
Food, Beverage, & Restaurants
Tech Sector
Location
San Diego, California
Modern Times, with a pre-money valuation of $264 million, is raising funds on WeFunder. It is one of the fastest growing craft breweries in the country with followers in seven states. Modern Times has five tasting rooms in San Diego and Portland, and three more locations in California are under construction. It was founded by Jacob McKean in 2013 and has been unstoppable ever since. The current crowdfunding round will be launched on April 22, 2019. Modern Times reported revenues of $30.5 million in 2018, up 59% from 2017 and has reported a 30% increase in distribution in 2018.
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