Otherwise Brewing
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.
Investment Overview
Invested : $110,406
Deal Terms
Total Commitments
- Platform
- Microventures
- Start Date
- 02/14/2023
- Close Date
- 07/17/2023
$25,000
$500,000
$100
Convertible Note
Early Stage
RegCF
$2,500,000
0%
Company & Team
Company
- Year Founded
- 2022
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2C
- Margin
- Medium
- Capital Intensity
- Low
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
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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 |