Full Circle Brewing


About this raise: Full Circle Brewing, with a valuation of $34.8 million, is raising funds on StartEngine. It is a brewery that crafts high-quality, flavorful beers. The beer comes in flavors like cream soda, pies, and milkshakes and connects to people. The eye-catching branding of the Full Circle Brewing beer cans also appeals to the customers. The company has received an overwhelming response to its beers and reported a 4,486% revenue growth from 2016 to 2022. Arthur Lee Moye III founded Full Circle Brewing in May 1998. The current crowdfunding campaign has a minimum target of $9,993.60 and a maximum target of $4.3 million. The campaign proceeds will be used for marketing, research and development, company employment, operations, working capital, and inventory.

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Investment Overview

Invested this round: $144,064

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
01/27/2023
Close Date
04/26/2023
Min. Goal
$9,994
Max. Goal
$4,318,089
Min. Investment

$250

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$6.94

Pre-Money Valuation

$34,809,118

Company & Team

Company

Year Founded
1998
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Location
Fresno, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
7
Prior Founder Exits?
No
Founder Name
Arthur Moye III
Title
CEO

Financials

as of Fiscal Year 2021
 Revenue +62% YoY
$3,798,277
 Monthly Burn
$16,312
 Runway
13.9 months
Gross Margin
72%

Summary Profit and Loss Statement

FY 2021 FY 2020

Revenue

$3,798,277

$2,348,337

COGS

$1,081,041

$1,534,028

Tax

$257,981

$163,163

 

 

Net Income

$-195,748

$-286,450

Summary Balance Sheet

FY 2021 FY 2020

Cash

$226,113

$179,904

Accounts Receivable

$258,077

$136,698

Total Assets

$2,394,291

$1,764,403

Short-Term Debt

$1,020,919

$616,291

Long-Term Debt

$1,757,382

$1,585,715

Total Liabilities

$2,778,301

$2,202,006

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$1,700,000
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/26/2023 StartEngine $34,809,118 $144,064 Equity - Common Funded RegCF
04/30/2022 StartEngine $25,000,000 $686,816 Equity - Common Funded RegCF
09/01/2018 Wefunder $4,480,000 $53,077 Equity - Common Funded RegCF
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Growth Charts

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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Add to portfolio
Full Circle Brewing on StartEngine 2023
Platform: StartEngine
Security Type: Equity - Common
Valuation: $34,809,118
Price per Share: $6.94

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Follow Full Circle Brewing on StartEngine 2023

Buy Full Circle Brewing's Deal Report

Warning: according to the close date for this deal, Full Circle Brewing may no longer be accepting investments.

Full Circle Brewing Deal Report

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