Ron Artesano

Ron Artesano

Closed: Apr. 2023

About this raise

Ron Artesano, with a valuation of $3 million, is raising funds on Wefunder. The company manufactures and bottles premium handmade rum. The rum is handcrafted in the mountains of Puerto Rico by one of the most respected experts of rum, Mr. Javier Herrera. Ron Artesano has completely sold out the first two batches of Artesano Anejo and aims to sell the rum in Spain, Germany, Puerto Rico, Croatia, France, and the USA. Jose J. Muoz Gonzalez founded Ron Artesano in July 2020. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $350,000. The campaign proceeds will be used for production and packaging costs, operating expenses, marketing, and new market development.

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Investment Overview

Invested this round: $129,453

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
02/10/2023
Close Date
04/30/2023
Min. Goal
$50,000
Max Goal
$350,000
Min. Investment

$250

Security Type

Convertible Note

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$3,000,000

Discount

0%

Company & Team

Company

Year Founded
2020
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2B
Margin
Medium
Capital Intensity
High
Location
Jayuya, Puerto Rico
Business Type
Growth
Company Website
Visit Website

Team

Employees
3
Prior Founder Exits?
No
Founder Name
Jose J. Munoz Gonzalez
Title
President and Business Development Officer
Founder Name
Luis Jose Cruz-Rivera
Title
COO

Financials

as of Fiscal Year 2021
 Revenue
$49,301
 Monthly Burn
$7,816
 Runway
2.6 months
Gross Margin
45%

Summary Profit and Loss Statement

FY 2021 FY 2020

Revenue

$49,301

$0

COGS

$27,189

$0

Tax

$0

$0

 

 

Net Income

$-93,796

$0

Summary Balance Sheet

FY 2021 FY 2020

Cash

$20,404

$97,696

Accounts Receivable

$49,301

$0

Total Assets

$133,338

$105,335

Short-Term Debt

$4,819

$0

Long-Term Debt

$0

$0

Total Liabilities

$4,819

$0

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$479,315
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/30/2023 Wefunder $3,000,000 $129,453 Convertible Note Funded RegCF
12/10/2020 Wefunder $2,000,000 $220,365 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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Add to portfolio
Ron Artesano on Wefunder 2023
Platform: Wefunder
Security Type: Convertible Note
Valuation: $3,000,000

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

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