Present Tense
About this raise
Present Tense is raising funds on Wefunder. It is a local favorite restaurant in Nashville, Tennessee, with a deep sake list, natural wines, and minimalist cocktails. Present Tense uses world-class ingredients and techniques like fermentation, restraint, and Japanese charcoal and has become a hot spot for locals and out-of-towners in Nashville. The restaurant generated $1.4 million in top-line revenue in the first twelve months of operations and received awards and press mentions. Ryan Costanza and Rick Margaritov founded Present Tense in April 2023. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $450,000. The campaign proceeds will be used for marketing, working capital, and operating expenses.
Investment Overview
Committed : $27,050
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 03/04/2025
- Close Date
- 04/30/2025
$50,000
$450,000
$1,000
Equity - Common
Seed
RegCF
$1.00
Company & Team
Company
- Year Founded
- 2023
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2C
- Margin
- High
- Capital Intensity
- Low
Financials
-
Revenue
- $881,182
- Monthly Burn
- $7,614
-
Runway
- 2.8 months
- Gross Margin
- 69%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $100,000
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 04/30/2025 | Wefunder | - | $27,050 | Equity - Common | Active | RegCF |