Otherwise Brewing

Otherwise Brewing

Early Stage

Gluten-free beer

Gluten-free beer

Overview

Raised this Round: Raised: $110,406

Total Commitments ($USD)

Platform

Microventures

Start Date

02/13/2023

Close Date

07/17/2023

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

$100

Security Type

Convertible Note

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$2,500,000

Discount

0%

Year Founded

2022

Industry

Food, Beverage, & Restaurants

Tech Sector

Foodtech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Location

San Rafael, California

Business Type

Growth

Otherwise Brewing, with a valuation of $2.5 million, is raising funds on MicroVentures. The company makes gluten-free beer using its proprietary process and eco-friendly ingredients. Otherwise Brewing has won several awards and sells its products in more than 250 retail locations, including Total Wine & More, Whole Foods, K&L Wine, and BevMo! Otherwise Brewing has multiple repeat customers and doubled its sales in 2022 compared to 2021. Aaron Gervais and Stellar Cassidy founded Otherwise Brewing in June 2022. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $500,000. The campaign proceeds will be used for marketing, sales and taproom staff, taproom acquisition, and taproom buildout.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$203,378

$109,512

COGS

$116,163

$51,728

Tax

$0

$0

 

 

Net Income

$-59,385

$-48,852

Summary Balance Sheet

FY 2022 FY 2021

Cash

$63,557

$89,770

Accounts Receivable

$17,175

$7,873

Total Assets

$127,326

$143,151

Short-Term Debt

$19,886

$1,327

Long-Term Debt

$150,000

$125,000

Total Liabilities

$169,886

$126,327

Financials as of: 02/13/2023
Create a free account today to gain access to KingsCrowd analytics.

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$25 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.

Ratings KingsCrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.
Add to portfolio
Otherwise Brewing on MicroVentures 2023
Platform: Microventures
Security Type: Convertible Note
Valuation: $2,500,000

Follow company

Follow Otherwise Brewing on MicroVentures 2023

Buy Otherwise Brewing's Deal Report

Warning: according to the close date for this deal, Otherwise Brewing may no longer be accepting investments.

Otherwise Brewing Deal Report

Get KingsCrowd’s comprehensive report on Otherwise Brewing including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether Otherwise Brewing is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the Otherwise Brewing deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge