Otherwise Brewing

Otherwise Brewing

Closed: Jul. 2023

About this raise

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.

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Investment Overview

Invested this round: $110,406

Deal Terms

Total Commitments

Platform
Microventures
Start Date
02/14/2023
Close Date
07/17/2023
Min. Goal
$25,000
Max Goal
$500,000
Min. Investment

$100

Security Type

Convertible Note

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$2,500,000

Discount

0%

Company & Team

Company

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
Company Website
Visit Website

Team

Employees
2
Prior Founder Exits?
No
Founder Name
Aaron Gervais
Title
CEO
Founder Name
Stellar Cassidy
Title
Head of Sales

Financials

 Revenue +46% YoY
$203,378
as of FY2022
 Monthly Burn
$4,949
as of FY2022
 Runway
12.8 months
as of FY2022
 Gross Margin
43%
as of FY2022

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

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$50,000
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
07/17/2023 Microventures $2,500,000 $110,406 Convertible Note Funded RegCF
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Add to portfolio
Otherwise Brewing on MicroVentures 2023
Platform: Microventures
Security Type: Convertible Note
Valuation: $2,500,000

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Follow Otherwise Brewing on MicroVentures 2023

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

Otherwise Brewing Deal Report

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