Franzese Wine
Early Stage
Wine from the world's earliest vineyards, sharing the Legacy of Michael Franzese
Overview
Raised: $455,427
Total Commitments ($USD)
Platform
Wefunder
Start Date
12/21/2023
Close Date
04/29/2024
Min. Goal
$50,000
Max. Goal
$1,235,000
Min. Investment
$100
Security Type
SAFE
Series
Pre-Seed
SEC Filing Type
RegCF
Valuation Cap
$20,000,000
Discount
10%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
05/04/2024
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$3,530
# of Investors
269
Momentum
Funded
Create a free account today to gain access to KingsCrowd analytics.
Year Founded
2021
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
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.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$121,658 |
$0 |
|
COGS |
$57,908 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-239,032 |
$-4,695 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$59,393 |
$14,419 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$509,384 |
$137,296 |
|
Short-Term Debt |
$42,438 |
$0 |
|
Long-Term Debt |
$545,348 |
$0 |
|
Total Liabilities |
$587,786 |
$0 |
Financials as of: 12/21/2023
Create a free account today to gain access to KingsCrowd analytics.
Upgrade to gain access
Pay Monthly
Annually (Save 17%)
-
$25 /month
billed annually - Free portfolio tracking, data-driven ratings, AI analysis and reports
- Plan Includes:
- Everything in Free, plus
- Company specific
KingsCrowd ratings and analyst reports
- Deal explorer and side-by-side comparison
- Startup exit and failure tracking
- Startup market filters and historical industry data
- Advanced company search ( with ratings)
- Get Edge Annual
Edge
Already a member? Log in here.
Ratings 
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.