Rustech Brewing
About this raise
Rustech Brewing is raising funds on Silicon Prairie Online. It is a 5 barrel brewery onsite with up to 20 beers on taps at any given time. The Brewery has two tasting rooms. Rustech Brewing is looking to expand the brewhouse area with 2 to 4 more tanks and upgrade the keg washer from Manual to Automatic. Penny and Bill Burt founded Rustech Brewing in May 2018. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $100,000. The campaign proceeds will be used for working capital, accounting, audits operational and additional equipment (more tanks, equipment hook up and upgrade).
Investment Overview
Invested : $33,500
Deal Terms
Total Commitments
- Platform
- Silicon Prairie Online
- Start Date
- 12/20/2022
- Close Date
- 06/15/2023
$10,000
$100,000
$1,000
Convertible Note
Early Stage
RegCF
Company & Team
Company
- Year Founded
- 2017
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2C
- Margin
- Capital Intensity
- Location
- Monticello, Minnesota
- Company Website
-
Visit Website
Team
- Employees
- 14
Financials
-
Revenue
-
$0
as of FY2021
- Monthly Burn
-
$1,713
as of FY2021
-
Runway
-
0 months
as of FY2021
- Gross Margin
-
81%
as of FY2021
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Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 06/15/2023 | Silicon Prairie Online | - | $33,500 | Convertible Note | Funded | RegCF |