Goodwolf Feeding

Early Stage

Line of organic, probiotic water kefir beverages

Analytics

Raised to Date: Raised: $28,587

Aggregate Commitments $

Platform

Microventures

Start Date

08/11/2021

Close Date

01/10/2022

Min. Goal

$25,000

Max. Goal

$194,000

Min. Investment

$100

Security Type

Convertible Note

Funding Type

RegCF

Series

Seed

Valuation Cap

$1,000,000

Discount Rate

20%

Rolling Commitments $

Status

Active

Reporting Date

10/17/2021

Days Remaining

85

% of Min. Goal

114%

% of Max. Goal

15%

Likelihood of Max
unlikely
Avg. Daily Raise

$427

Momentum
warm
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Location

Portlans, Oregon

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2B

Margin

Medium

Capital Intensity

Low

Business Type

Growth

Goodwolf, 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 was founded by Keenan Smith in 2016. The current round of crowdfunding has a minimum raise of $25,000 and a maximum raise of $194,000, and the funds will be used towards marketing, research and development, equipment purchases, general working capital, and slotting. Goodwolf has distribution agreements with UNFI and KeHE and sold over 11,000 cases in 2020. The company also increased its retail door count from 140 to 300 from January 2020 to April 2021 and was profitable in the first quarter of 2021.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$126,010

$159,253

COGS

$80,771

$55,213

Tax

$0

$0

 

 

Net Income

$-73,379

$-17,543

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$562

$24,084

Accounts Receivable

$19,734

$14,015

Total Assets

$68,983

$83,337

Short-Term Debt

$73,566

$58,914

Long-Term Debt

$81,184

$82,563

Total Liabilities

$154,750

$141,477

Financials as of: 08/11/2021
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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 $28,587 Convertible Note Active RegCF
Goodwolf Feeding 06/22/2020 Microventures $1,000,000 $49,620 Convertible Note Funded RegCF
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Goodwolf on MicroVentures 2021
$
Platform: Microventures
Security Type: Convertible Note
Valuation: $1,000,000
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