Aurochs Brewing Company

Aurochs Brewing Company

About this raise

Aurochs Brewing, with a valuation of $15 million, is raising funds on StartEngine. The brewery makes great-tasting gluten-free craft beer. The beers are brewed with millet, quinoa, and other gluten-free ingredients. They are sold through direct walk-up sales to the tasting rooms or through wholesalers. Aurochs Brewing has grown 800% in the past four years and is ready to expand into 38 states. Ryan Bove and Doug Foster founded Aurochs Brewing in 2012. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $525,000. The campaign proceeds will be used to expand distribution, launch new products, implement cost reductions, and pay down old debt.

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Investment Overview

Invested this round: $298,558

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
10/01/2021
Close Date
05/02/2022
Min. Goal
$10,000
Max Goal
$525,000
Min. Investment

$250

Security Type

Convertible Note

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$15,000,000

Discount

15%

Company & Team

Company

Year Founded
2012
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
Location
Emsworth, Pennsylvania
Business Type
Life Style
Company Website
Visit Website

Team

Employees
4
Prior Founder Exits?
No
Founder Name
Doug Foster
Title
Manager
Founder Name
Ryan Bove
Title
CEO, President, & Manager

Financials

 Revenue -2.9% YoY
$276,357
 Monthly Burn
$30,189
 Runway
6.8 months
Gross Margin
41%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$276,357

$284,591

COGS

$163,978

$148,585

Tax

$0

$0

 

 

Net Income

$-362,263

$-463,437

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$204,943

$142,197

Accounts Receivable

$0

$0

Total Assets

$736,749

$773,314

Short-Term Debt

$168,128

$168,022

Long-Term Debt

$416,339

$262,641

Total Liabilities

$584,467

$430,663

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
05/02/2022 StartEngine $15,000,000 $298,558 Convertible Note Funded RegCF
10/08/2020 Honeycomb - $150,000 Revenue Share Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Aurochs Brewing on StartEngine 2021
Platform: StartEngine
Security Type: Convertible Note
Valuation: $15,000,000

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Warning: according to the close date for this deal, Aurochs Brewing Company may no longer be accepting investments.

Aurochs Brewing Company Deal Report

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