Backbeat Brewing Company
About this raise
Backbeat Brewing Company is raising funds on MainVest. It is a brewery and cafe located in Beverly, MA, that provides an eclectic mix of rotating brews, coffees, teas, and collabs. The space also serves as a venue for local live music with fantastic local musicians. Backbeat Brewing Company has become the center of the North Shore craft brewery scene and the community gathering space for the Beverly community. Peter Harkins founded Backbeat Brewing Company in April 2018. The current crowdfunding campaign has a minimum target of $150,000 and a maximum target of $250,000. The campaign proceeds will be used for brewery expansion, coffee roasting expansion, and a canning line.
Investment Overview
Invested : $72,300
Deal Terms
Total Commitments
- Platform
- MainVest
- Start Date
- 09/29/2022
- Close Date
- 12/31/2022
$50,000
$250,000
$100
Revenue Share
Quarterly
RegCF
1.40X
3.35%
Company & Team
Company
- Year Founded
- 2018
- Industry
- Alcohol, Tobacco, & Recreational Drugs
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- Low
Financials
-
Revenue
- $396,556
- Monthly Burn
- $185
-
Runway
- 24+ months
- Gross Margin
- 64%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $0
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 12/31/2022 | MainVest | - | $72,300 | Revenue Share | Funded | RegCF |