Franzese Wine
About this raise
Franzese Wine, with a valuation of $20 million, is raising funds on Wefunder. The company sells wine from the world’s first vineyards in Armenia. Franzese Wine comes from the vineyards of Michael Franzese, a former Mafia boss, and a world-renowned speaker. The company has a unique product with over 1 million followers online and over 1 billion views. Samvel Hakobyan and Michael Franzese founded Franzese Wine in July 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.24 million. The campaign proceeds will be used for marketing with big chain accounts, expansion of the team, inventory, and new product development.
Investment Overview
Invested : $455,427
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 12/22/2023
- Close Date
- 04/29/2024
$50,000
$1,235,000
$100
SAFE
Early Stage
RegCF
$20,000,000
10%
Company & Team
Company
- Year Founded
- 2021
- Industry
- Alcohol, Tobacco, & Recreational Drugs
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Medium
- Capital Intensity
- High
Financials
-
Revenue
-
$121,658
as of FY2022
- Monthly Burn
-
$19,919
as of FY2022
-
Runway
-
3 months
as of FY2022
- Gross Margin
-
52%
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 |
|---|---|---|---|---|---|---|
| 04/29/2024 | Wefunder | $20,000,000 | $455,427 | SAFE | Funded | RegCF |