Goodwolf Feeding

Goodwolf Feeding

Early Stage

Line of organic, probiotic water kefir beverages

Line of organic, probiotic water kefir beverages

Overview

Raised to Date: Raised: $49,620

Total Commitments ($USD)

Platform

Microventures

Start Date

03/20/2020

Close Date

06/22/2020

Min. Goal
$25,000
Max. Goal
$107,000
Min. Investment

$100

Security Type

Convertible Note

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$1,000,000

Discount

20%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

06/29/2020

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$534

# of Investors

157

Momentum
Funded
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Year Founded

2016

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2B2C

Margin

Low

Capital Intensity

Low

Location

Portlans, Oregon

Business Type

Life Style

Goodwolf Feeding Company, with a valuation cap of $1 million, is raising funds on MicroVentures. The company produces bottled water kefir, a fermented drink made of water and a symbiotic culture of bacteria and yeasts. The probiotics of water kefir play a significant role in maintaining gut health. Goodwolf Feeding Company was founded by Keenan Smith in 2016. The current round of crowdfunding has a minimum raise of $25,000 and a maximum raise of $107,000, and the funds will be used towards increasing brand awareness, purchasing improved bottling equipment, and supporting operations with general working capital. Goodwolf Feeding Company currently sells in 138 locations and has distribution agreements with UNFI and KeHE. The company sold 67,800 units in 2019 and generated revenues of $156,273 in the same year.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$156,079

$87,848

COGS

$91,088

$59,229

Tax

$218

$250

 

 

Net Income

$-22,887

$688

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$21,022

$37,651

Accounts Receivable

$21,738

$8,656

Total Assets

$73,897

$59,091

Short-Term Debt

$52,357

$6,114

Long-Term Debt

$81,978

$64,808

Total Liabilities

$134,335

$70,922

Financials as of: 03/20/2020
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Goodwolf Feeding 01/10/2022 Microventures $1,000,000 $38,062 Convertible Note Funded RegCF
Goodwolf Feeding 06/21/2020 Microventures $1,000,000 $49,620 Convertible Note Funded RegCF
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Price per Share History

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

Valuation History

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.

Employee History

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Goodwolf Feeding Company on Microventures
Platform: Microventures
Security Type: Convertible Note
Valuation: $1,000,000

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