Otherwise Brewing

Early Stage

Gluten-free beer

Overview

Raised to Date: Raised: $42,320

Total Commitments ($USD)

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

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$2,500,000

Discount

0%

Rolling Commitments ($USD)

Status

Active

Reporting Date

03/27/2023

Days Remaining

112

% of Min. Goal

169%

% of Max. Goal

8%

Likelihood of Max
unlikely
Avg. Daily Raise

$1,032

# of Investors

57

Momentum
warm.svg
Create a free account today to gain access to KingsCrowd analytics.
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

Most Recent Year Prior Year

Revenue

$203,378

$109,512

COGS

$116,163

$51,728

Tax

$0

$0

 

 

Net Income

$-59,385

$-48,852

Summary Balance Sheet

Most Recent Year Prior Year

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: 02/14/2023
Create a free account today to gain access to KingsCrowd analytics.

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$12.42 /month
billed annually
Free portfolio tracking and KingsCrowd's quantitative ratings on all raises.
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings (excluding risk)
Advanced company search ( with ratings)
Markets page filters and historical industry data
Get Edge Annual

Edge Pro

$41.58 /month
billed annually
Full site access including KingsCrowd's qualitative analyst reports.
Plan Includes:
Everything in Edge, plus
Full access to detailed Analyst Reports (e.g. Top Deal, Deal to Watch, Neutral, and Underweight)
Search and filter based on Analyst Reports
In-depth risk ratings for every raise
Get Edge Pro Annual
Already a member? Log in here.

Ratings KingsCrowd Startup Rating Methodology Article

Are you the founder of Otherwise Brewing? Create your account today to claim this raise page.

Create your first portfolio

Create your very own investment portfolio on KingsCrowd.

Now you can track all of your startup investments in one place utilizing our state-of-the-art portfolio tracker tools. To begin, create your first portfolio below.

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
View on Microventures