Palmia (2019)

Palmia (2019)

Closed: Jan. 2019

About this raise

Palmia is here as the world’s first 90-calorie lemon-infused lager. Spanish-inspired but brewed in the US, Palmia is currently sold in more than 150 California stores and 30 bars and restaurants -- and that’s just within a year after its launched. The company also recently opened distributor accounts in Oregon and has partnerships with Whole Foods, Target, Total Wine & More, Cost Plus Sprouts, BevMo!, LYFT, the San Jose Sharks, and the SAP Center. Plus, they were the winner of the 2018 People’s Choice Award for the “Best Beer” at the Fremont Chamber of Commerce, and they already raised $204,565 from 288 Wefunder investors in July 2017.

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Investment Overview

Invested this round: $679,832

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
08/21/2018
Close Date
01/23/2019
Min. Goal
$100,000
Max Goal
$1,070,000
Min. Investment

$100

Security Type

SAFE

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$5,000,000

Discount

20%

Company & Team

Company

Year Founded
2012
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Distribution Model
B2C
Margin
Capital Intensity
Location
San Francisco, California
Company Website
Visit Website

Team

Employees
2

Financials

Financials are not currently available for this company. This may occur if the company is still Testing the Waters, is a Regulation D offering, or if the financials are still under review and being confirmed by our team. For Reg CF and Reg A+ raises, please check back later.

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
01/23/2019 Wefunder $5,000,000 $679,832 SAFE Funded RegCF
07/20/2017 Wefunder $5,000,000 $204,565 SAFE Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Employee History

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Palmia on Wefunder
Platform: Wefunder
Security Type: SAFE
Valuation: $5,000,000

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

Palmia Deal Report

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