Overview

Deal Terms

Investment Momentum

Company Profile

Deal Summary

Financials

Total Commitments ($USD)

Platform

SeedInvest

Start Date

07/17/2022

Close Date

08/26/2022

Min. Goal

$25,000

Max. Goal

$1,070,000

Min. Investment

$1,000

Security Type

Equity - Preferred

Series

Pre-Seed

SEC Filing Type

RegCF / RegD 506(c)    

Price Per Share

$0.66

Pre-Money Valuation

$6,700,000

Rolling Commitments ($USD)

Status

Funded

Reporting Date

08/30/2022

Days Remaining

Funded

% of Min. Goal

Funded

% of Max. Goal

Funded

Likelihood of Max

Funded

Avg. Daily Raise

$14,236

Momentum

Funded

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Really Good Boxed Wine

Year Founded

2021

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Location

Cincinnati, Ohio

Business Type

Growth

Company Website

Really Good Boxed Wine, with a valuation of $6.7 million, is raising funds on SeedInvest. The company makes high-end wine and packages it in boxes that cost less and keep the wine fresh even after opening. The boxed wine of Really Good Boxed Wine costs ten times less and keeps wine fresh up to six weeks after opening. Really Good Boxed Wine launched nationally in January 2022 and has generated a lifetime revenue of $159,000. Jake Whitman founded Really Good Boxed Wine in April 2021. The current crowdfunding campaign has a minimum RegCF target of $25,000, a minimum raise target of $650,000, and a maximum target of $1,070,000. The campaign proceeds will be used for salaries, media and marketing, tech stack, wine purchases, and operating expenses.

Summary Profit and Loss Statement

	Most Recent Year	Prior Year
Revenue	$28,500	$0
COGS	$11,187	$0
Tax	$0	$0
Net Income	$43,608	$0

Summary Balance Sheet

	Most Recent Year	Prior Year
Cash	$240,183	$0
Accounts Receivable	$9,500	$0
Total Assets	$302,304	$0
Short-Term Debt	$10,662	$0
Long-Term Debt	$340,001	$0
Total Liabilities	$350,663	$0

Financials as of: 07/17/2022

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Boxed wine.

If the thought just made you cringe, you are not alone.  

In the United States, boxed wine is synonymous with low quality. Some of that judgment could come from its association with college drinking. Or it could be from the inherently diminished experience of drinking wine from a cardboard box instead of an elegant bottle. But I think the true reason is simple: the wine itself is just bad. 

Now, if someone gave you a box of wine and told you it was premium quality, how would you react? Maybe you’d immediately dismiss it as a marketing ploy. Or maybe you’d give it a chance.

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