GrapeStars

GrapeStars

Early Stage

The home of celebrity wine and spirits

The home of celebrity wine and spirits

Overview

Raised to Date: Raised: $121,579

Total Commitments ($USD)

Platform

Republic

Start Date

06/17/2020

Close Date

09/17/2020

Min. Goal
$25,000
Max. Goal
$500,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$12,500,000

Discount

0%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

09/29/2020

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

$1,322

# of Investors

370

Momentum
Funded
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Year Founded

2016

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

CommerceTech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Location

Miami, Florida

Business Type

High Growth

GrapeStars, with a valuation cap of $12.5 million, is raising crowdfunding on Republic. It is a unique marketplace for celebrity wines and spirits. The celebrities promote their spirits directly to the customers through the platform and users get to discover new products. The platform complies with all the state and federal laws and also allows users to interact with their favorite celebrities. GrapeStars was founded by Jean-Jean Pelletier, Robert Pelletier, Stephan Fortier, and Stefan Lindqvist in 2016. The proceeds of the current crowdfunding campaign, with a minimum target of $25,000 and a maximum target of $500,000, will be used to expand into international markets and take on new celebrity products. GrapeStars works on a 15% commission on products sold and expects to reach $100 million in revenue in the next five years.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-831,432

$-836,952

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$15

$0

Accounts Receivable

$0

$0

Total Assets

$1,328,133

$471,997

Short-Term Debt

$449,346

$606,524

Long-Term Debt

$0

$0

Total Liabilities

$449,346

$606,524

Financials as of: 06/17/2020
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GrapeStars on Republic
Platform: Republic
Security Type: SAFE
Valuation: $12,500,000

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