Eight Bridges Brewing
About this raise
Eight Bridges Brewing, with a pre-money valuation of $3.01 million, is raising funds on StartEngine. Eight Bridges Brewing is a family-owned production brewery that focuses on delivering a great beer experience. The company produces over 80 different beers in more than 30 different styles to remain ahead of the competition in the craft beer market. Eight Bridges Brewing is headed by George Beardsley and was founded in February 2014. The proceeds of the current crowdfunding round, with a minimum raise of $10,000 and a maximum raise of $107,000, will be used to open five new taprooms throughout the bay area. Eight Bridges Brewing has developed its own carbonating system and created a brand for itself with its healthy and flavourful beers.
Investment Overview
Invested : $102,678
Deal Terms
Total Commitments
- Platform
- StartEngine
- Start Date
- 12/03/2019
- Close Date
- 04/29/2020
$9,999
$106,993
$298
Equity - Common
Early Stage
RegCF
$2.55
$3,010,000
Company & Team
Company
- Year Founded
- 2013
- Industry
- Alcohol, Tobacco, & Recreational Drugs
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Low
- Capital Intensity
- High
Financials
-
Revenue
- $369,422
- Monthly Burn
- $6,427
-
Runway
- 4.2 months
- Gross Margin
- 38%
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Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 04/29/2020 | StartEngine | $3,010,000 | $102,678 | Equity - Common | Funded | RegCF |