About this raise: Fuego Fino, with a pre-money valuation of $1.7 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. Fuego Fino was founded by Jessica Contreras in 2017 and has raised over $150,000 since its founding. The proceeds of the current round of crowdfunding, with a minimum goal of $50,005 and a maximum goal of $249,995, will be used to invest in 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.
Investment Overview
Invested : $256,418
Deal Terms
Total Commitments ($USD)
- Platform
- Wefunder
- Start Date
- 05/22/2020
- Close Date
- 09/16/2020
$50,005
$249,995
$100
Equity - Preferred
Pre-Seed
RegCF
$7.50
$1,490,000
Company & Team
Company
- Year Founded
- 2017
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2B2C
- Margin
- Low
- Capital Intensity
- High
Financials
- Revenue -43% YoY
- $4,056
- Monthly Burn
- $182
-
Runway
- 0.1 months
- Gross Margin
- 99%
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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.
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Note: Share prices shown in earlier rounds may not be indicative of any stock splits.