Canvino
Early Stage
We craft award-winning, bottle-quality wine, and put it can-venient cans
Overview
Raised: $71,781
Total Commitments ($USD)
Platform
Republic
Start Date
11/30/2021
Close Date
04/30/2022
Min. Goal
$25,000
Max. Goal
$1,070,000
Min. Investment
$100
Security Type
SAFE
Series
Pre-Seed
SEC Filing Type
RegCF
Valuation Cap
$6,500,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/30/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$479
# of Investors
205
Momentum
Funded
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Year Founded
2012
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
Low
Canvino, with a valuation of $6.5 million, is raising funds on Republic. The company makes award-winning, high-quality wine and sells it in convenient cans. The canned wine of Canvino tastes as good as bottled wine and is convenient for outdoor events, vacations, and dining plays. Canvino has been featured on Kelly Slater’s “The Ultimate Surfer” and has direct sales and distribution in 38 states with Park Street, Shopify, and more. Agata Podedworny, James Dale, Sam Saunders, and Nicholas Schroeder founded Canvino in October 2012. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1,070,000. The campaign proceeds will be used to explore new markets and launch additional versions.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$3,584 |
$0 |
|
COGS |
$3,447 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-64,418 |
$-36,501 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$117 |
$76,533 |
|
Accounts Receivable |
$3,584 |
$0 |
|
Total Assets |
$77,158 |
$79,841 |
|
Short-Term Debt |
$139,857 |
$341,870 |
|
Long-Term Debt |
$681,653 |
$417,905 |
|
Total Liabilities |
$821,510 |
$759,775 |
Financials as of: 11/30/2021
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