Fuego Fino

Fuego Fino

Early Stage

Woman-led, eco-friendly wine and spirits company

Woman-led, eco-friendly wine and spirits company

Overview

Raised this Round: Raised: $188,567

Total Commitments ($USD)

Platform

Wefunder

Start Date

04/22/2021

Close Date

11/26/2021

Min. Goal
$50,000
Max. Goal
$418,554
Min. Investment

$500

Security Type

Equity - Preferred

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.00

Early Bird Valuation

$2,950,000

Pre-Money Valuation

$6,210,026

Year Founded

2017

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2B

Margin

Medium

Capital Intensity

High

Location

Hallandale Beach, Florida

Business Type

Growth

Fuego Fino, with a pre-money valuation of $6.21 million, is raising funds on Wefunder. It is an eco-friendly wine and spirits company that bottles and distributes high-quality wines and spirits. The products are bottled close to where they are consumed to reduce costs and maintain quality. The company imports the highest quality spirits and distributes them to liquor stores and consumers. Jessica Contreras founded Fuego Fino in 2017. The proceeds of the current round of crowdfunding, with a minimum goal of $50,000 and a maximum goal of $418,554, will be used to invest in the product and supply chain and manage the operating and general and administrative expenses. Fuego Fino is into the business of a recession-proof product and already has its products in over 50 locations.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$16,600

$4,056

COGS

$12,952

$21

Tax

$3,449

$254

 

 

Net Income

$-55,381

$-2,329

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$53,502

$3,195

Accounts Receivable

$0

$0

Total Assets

$89,212

$3,195

Short-Term Debt

$31,190

$0

Long-Term Debt

$0

$0

Total Liabilities

$31,190

$0

Financials as of: 04/22/2021
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Fuego Fino 11/25/2021 Wefunder $6,210,026 $188,567 Equity - Preferred Funded RegCF
Fuego Fino 09/15/2020 Wefunder $1,490,000 $256,418 Equity - Preferred Funded RegCF
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Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Fuego Fino on Wefunder
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $6,210,026
Price per Share: $1.00

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