Broads
About this raise
Broads is raising funds on Wefunder. It is a female-forward cocktail lounge that serves woman-owned spirits. Broads is creating an inclusive space that celebrates women and is mainly focused on stocking the bar with brands that are female-founded and female-led. The bar also plans to donate a percentage of its earnings to a non-profit dedicated to supporting women. Kristiana Mallo and Bailey Cole founded Broads in November 2022. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $124,000. The campaign proceeds will be used for construction costs, decor and furnishings, graphic designer fees, staff training, and inventory.
Investment Overview
Invested : $75,660
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 12/22/2023
- Close Date
- 04/22/2024
$50,000
$124,000
$100
Revenue Share
Quarterly
RegCF
1.50X
5.00%
Company & Team
Company
- Year Founded
- 2022
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- High
Financials
-
Revenue
-
$0
as of FY2022
- Monthly Burn
-
$72
as of FY2022
-
Runway
-
0.8 months
as of FY2022
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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 |
|---|---|---|---|---|---|---|
| 04/22/2024 | Wefunder | - | $75,660 | Revenue Share | Funded | RegCF |