ABV Technology

ABV Technology

ABV Technology, with a valuation of $11 million, is raising funds on Wefunder. The company is transforming non-alcoholic beer, wine, and spirit beverage production with revolutionary equipment and services. ABV Technology creates high-quality and flavorful reduced and non-alcoholic beverages with its Equalizer, Pasteurizer, and Analyzer technologies leading to more reliability, innovation, safety, and accuracy. The company has over 120 breweries and wineries as its customers in Minnesota and has a 90% repeat customer rate. Ben Jordan, Patrick Frimat, and Kurt Koppelman founded ABV Technology in February 2017. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.24 million. The campaign proceeds will be used for ASBC certification, DSP certification, addition of service facilities, and increased marketing.

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Investment Overview

Raised this Round: Raised: $97,850

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
10/07/2024
Close Date
02/05/2025
Min. Goal
$50,000
Max. Goal
$1,235,000
Min. Investment

$100

Security Type

Convertible Note

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$11,000,000

Discount

10%

Company & Team

Company

Year Founded
2017
Industry
Food, Beverage, & Restaurants
Tech Sector
Hardwaretech
Distribution Model
B2B
Margin
Low
Capital Intensity
High
Location
St. Paul, Minnesota
Business Type
Growth
Company Website
Visit Website

Team

Employees
11
Prior Founder Exits?
No
Founder Name
Ben Jordan
Title
Chief Executive Officer
Founder Name
Patrick Frimat
Title
VP Business Development
Founder Name
Kurt Koppelman
Title
Chief Information Officer

Financials

as of August 1, 2024
 Revenue +2% YoY
$992,274
 Monthly Burn
$90,000
 Runway
1.8 months

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$992,274

$965,757

COGS

$1,070,240

$1,057,604

Tax

$0

$0

 

 

Net Income

$-1,580,744

$-1,736,218

Summary Balance Sheet

FY 2023 FY 2022

Cash

$22,400

$153,797

Accounts Receivable

$55,248

$74,139

Total Assets

$1,318,571

$1,993,922

Short-Term Debt

$712,221

$937,184

Long-Term Debt

$1,560,679

$561,523

Total Liabilities

$2,272,900

$1,498,707

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$8,616,993
VC Backed?
Yes
Close Date Platform Valuation Total Raised Security Type Status Reg Type
02/05/2025 Wefunder $11,000,000 $97,850 Convertible Note Active RegCF
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ABV Technology on Wefunder 2024
Platform: Wefunder
Security Type: Convertible Note
Valuation: $11,000,000

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