Ron Artesano (2020)

Ron Artesano (2020)

Closed: Dec. 2020

About this raise

Ron Artesano, with a valuation cap of $1 million, is raising funds on Wefunder. The company manufactures and bottles a premium handmade rum. The rum is crafted in the mountains of Puerto Rico by one of the most respected experts of rum, Mr. Javier Herrera. The company aims to sell Ron Artesano in Spain, Germany, Puerto Rico, Croatia, France, and the USA. Ron Artesano was founded by Jose Munoz, Rogelio Monzon, and Luis J Cruz-rivera in June 2020. The funds of the current crowdfunding round, with a minimum target of $50,000 and a maximum target of $350,000, will be used for marketing, production and packaging costs, new market development, and operational expenses. Ron Artesano will work on a lean business model and intends to start distribution by the fourth quarter of 2021.

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Investment Overview

Invested this round: $220,365

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
09/10/2020
Close Date
12/10/2020
Min. Goal
$50,000
Max Goal
$350,000
Min. Investment

$100

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$2,000,000

Discount

15%

Company & Team

Company

Year Founded
2020
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
Location
Jayuya, Puerto Rico
Business Type
Growth
Company Website
Visit Website

Team

Employees
3
Founder Name
Luis Jose Cruz-Rivera
Title
COO
Founder Name
Jose J. Munoz Gonzalez
Title
President and Business Development Officer

Financials

 Revenue
$0
 Cash on Hand
$0

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$0

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$0

$0

Accounts Receivable

$0

$0

Total Assets

$0

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

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Company Funding & Growth

Funding history

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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Ron Artesano on Wefunder
Platform: Wefunder
Security Type: SAFE
Valuation: $2,000,000

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