FruitCraft Fermentery & Distillery
About this raise
FruitCraft Fermentery & Distillery, a social value cooperative, is raising crowdfunding on Wefunder. The company is owned and run by laborers, consumers, and investors that manufacture fruit-based alcohol and use the profits to create social value. The products of FruitCraft Fermentery & Distillery include hard seltzer, hard cider, mead, hard Kombucha, wine from fruit, and craft spirits. Alan Haghighi founded FruitCraft Fermentery & Distillery in 2013 and has raised over $4.4 million since its inception. The current crowdfunding round has a minimum goal of $50,000 and a maximum goal of $1,000,000, and the funds will be used for business development, debt consolidation, new hires, and franchising infrastructure. FruitCraft Fermentery & Distillery became profitable in October 2019 and generated over $70,000 in revenue for the month. The annual revenues increased from $472,000 in 2018 to $687,000 in 2019.
Investment Overview
Not Funded: $0
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 08/10/2020
- Close Date
- 10/18/2020
$50,000
$1,000,000
$100
Revenue Share
Seed
RegCF
1.50X
Company & Team
Company
- Year Founded
- 2013
- Industry
- Alcohol, Tobacco, & Recreational Drugs
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- High
- Capital Intensity
- High
Financials
- Revenue +41% YoY
- $472,841
- Monthly Burn
- $21,270
-
Runway
- 1.2 months
- Gross Margin
- 83%
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Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 10/18/2020 | Wefunder | - | $0 | Revenue Share | Not Funded | RegCF |