North by Northwest

Early Stage

One of Austin's oldest craft beers is now in cans at grocery stores.

Analytics

Raised to Date: Raised: $400,402

Aggregate Commitments $

Platform

Wefunder

Start Date

02/02/2018

Close Date

06/15/2018

Min. Goal

$200,000

Max. Goal

$750,000

Min. Investment

$100

Security Type

Debt

Funding Type

RegCF

Rolling Commitments $

Status
Funded
Reporting Date

06/30/2018

Days Remaining
Funded
% of Min. Goal

200%

% of Max. Goal

53%

Likelihood of Max
Funded
Avg. Daily Raise

$3,011

# of Investors

386

Momentum
Funded
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Location

Austin, Texas

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Who Should Be Interested:
Do you live in Texas, especially in the Austin area? Do you know and love North by Northwest Restaurant & Brewery, or do you just really enjoy craft beers? If you said yes, then North by Northwest Brewing Company could be the investment you’ve been waiting for! They’re looking to make their brews available for sale in the off-premise market and make it so that everyone -- not just people in Austin -- can enjoy their beers.

The Company:
North by Northwest (NxNW) Restaurant & Brewery is one of Austin’s oldest craft beers -- and now they want to can their brews and bring them to you in stores. NxNW was founded in Austin, TX in 1999, and they opened a second location in 2014. Those two brewpubs have totaled over $7.5M, with over 1,8000 barrels of beer sold, and they attribute their success to their fun, family atmosphere, delicious craft brews made on-site, and tasty foods. Now, they want to create that culture in more places by offering their NxNW beers in cans so people across Texas can imbibe in their refreshing brews. Their plan is to start with three styles of beer in a number of core Austin stores, then add in restaurants, liquor stores, and convenience stores across the state. NxNW has already mandated for placement in 39 H-E-B stores in the Austin area, and Specs Liquor Stores have also approved their beers. Their Austin distributor is Brown Distributing, who manages over 60 beverage brands, including 25 craft beers.

The Bottom Line:
When it comes to craft brews, NxNW knows a thing or two. With a strong following already, this expansion will continue to ramp up their brand, increase a fan following, and bring delicious beer to the people of Texas. Cheers to that!
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North by Northwest on Wefunder
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Platform: Wefunder
Security Type: Debt

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