Eastern Market Brewing
About this raise
Eastern Market Brewing is raising funds on MainVest. It is a brewery in Detroit, Michigan, with three customer-facing taprooms. It is the only brewery in Michigan that is self-distributing, with an annual distribution of $1 million and is expected to reach $1.5 million in 2023. Eastern Market Brewing is known for its delicious beers that have won multiple gold medals and are one of the highest-rated in the state. Dayne Bartscht founded Eastern Market Brewing in February 2016. The current crowdfunding campaign has a minimum target of $250,000 and a maximum target of $1 million. The campaign proceeds will be used to grow self-distribution, extend the Lincoln Tap to meet demand, and kick off Eastern Market expansion.
Investment Overview
Invested : $1,235,000
Deal Terms
Total Commitments
- Platform
- MainVest
- Start Date
- 11/25/2022
- Close Date
- 01/15/2023
$250,000
$1,235,000
$100
Equity - Common
Pre-Seed
RegCF
$1.00
$10,000,000
Company & Team
Company
- Year Founded
- 2016
- Industry
- Alcohol, Tobacco, & Recreational Drugs
- Tech Sector
- Distribution Model
- B2C
- Margin
- High
- Capital Intensity
- High
Financials
- Revenue +42% YoY
- $3,480,774
- Monthly Burn
- $20,268
-
Runway
- 8.5 months
- Gross Margin
- 67%
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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 |
|---|---|---|---|---|---|---|
| 01/15/2023 | MainVest | $10,000,000 | $1,235,000 | Equity - Common | Funded | RegCF |