Hey Mama Wines
About this raise
Hey Mama Wines, with a $10 million pre-money valuation, is raising funds on StartEngine. The company makes delicious wines and supports women who are making a difference every day. The business approaches wine in a way a modern mom can relate to. Lauren Strokes founded Hey Mama Wines in 2019. The current crowdfunding round has a minimum target of $10,000 and a maximum target of $1,070,000, and the funds will be used to expand the footprint and grow the brand through large partnerships. Hey Mama Wines is growing rapidly and is found in over 45 accounts along the 30A corridor. The company expects its revenue to grow by 1,320% in 2021, with COGS expected to increase by 898% and total expenses expected to increase by 136%.
Investment Overview
Invested : $58,374
Deal Terms
Total Commitments
- Platform
- StartEngine
- Start Date
- 04/29/2021
- Close Date
- 10/26/2021
$10,000
$1,070,000
$250
Equity - Common
Pre-Seed
RegCF
$10.00
$10,000,000
Company & Team
Company
- Year Founded
- 2019
- Industry
- Alcohol, Tobacco, & Recreational Drugs
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Medium
- Capital Intensity
- High
Financials
-
Revenue
- $72,503
- Monthly Burn
- $5,431
-
Runway
- 0.6 months
- Gross Margin
- 22%
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Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 10/26/2021 | StartEngine | $10,000,000 | $58,374 | Equity - Common | Funded | RegCF |