Joyhound Beer Company
About this raise
Joyhound Beer Co. is raising funds on Mainvest. The company is seeking investment to open a taproom that features an onsite brewing facility for producing exclusive beers, as well as plans to expand into a larger brewing system to bring all production in-house. They have been recognized in publications such as Huckberry Magazine, which listed Joyhound as the best brewery in Maryland in 2022. Alfred Rotimi founded Joyhound Beer Co. in 2017. The current crowdfunding campaign has a minimum target of $205,000 and a maximum target of $450,000. The campaign proceeds will be used to establish their taproom and expand their beer offerings.
Investment Overview
Not Funded: $131,000
Deal Terms
Total Commitments
- Platform
- MainVest
- Start Date
- 09/08/2023
- Close Date
- 05/10/2024
$146,000
$450,000
$100
Revenue Share
Pre-Seed
RegCF
1.60X
6.40%
Company & Team
Company
- Year Founded
- 2019
- Industry
- Alcohol, Tobacco, & Recreational Drugs
- Tech Sector
- Distribution Model
- B2C
- Margin
- Medium
- Capital Intensity
- Low
Financials
-
Revenue
- $47,123
- Monthly Burn
- $768
-
Runway
- 2.3 months
- Gross Margin
- 42%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $0
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 05/10/2024 | MainVest | - | $131,000 | Revenue Share | Not Funded | RegCF |