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: $38,062

Total Commitments ($USD)

Platform

Microventures

Start Date

08/10/2021

Close Date

01/11/2022

Min. Goal
$25,000
Max. Goal
$194,000
Min. Investment

$100

Security Type

Convertible Note

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$900,000

Valuation Cap

$1,000,000

Discount

20%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

01/30/2022

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

$249

# of Investors

93

Momentum
Funded
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Year Founded

2016

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2B

Margin

Medium

Capital Intensity

Low

Location

Portlans, Oregon

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: 08/10/2021
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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 $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 on MicroVentures 2021
Platform: Microventures
Security Type: Convertible Note
Valuation: $1,000,000

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