Fuego Fino

Early Stage

Woman-led, eco-friendly wine and spirits company

Overview

Raised to Date: Raised: $188,567

Total Commitments ($USD)

Platform

Wefunder

Start Date

04/23/2021

Close Date

11/26/2021

Min. Goal

$50,000

Max. Goal

$418,554

Min. Investment

$500

Security Type

Equity - Preferred

Series

Seed

Funding Type

RegCF

Price Per Share

$1.00

Pre-Money Valuation

$6,210,026

Rolling Commitments ($USD)

Status
Funded
Reporting Date

11/30/2021

Days Remaining
Funded
% of Min. Goal

377%

% of Max. Goal

45%

Likelihood of Max
Funded
Avg. Daily Raise

$869

# of Investors

182

Momentum
Funded
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Location

Hallandale Beach, Florida

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2B

Margin

Medium

Capital Intensity

High

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: 04/23/2021
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Fuego Fino 11/26/2021 Wefunder $6,210,026 $188,567 Equity - Preferred Funded RegCF
Fuego Fino 09/16/2020 Wefunder $1,490,000 $256,418 Equity - Preferred Funded RegCF
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Fuego Fino on Wefunder
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Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $6,210,026
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