South Austin Brewery
About this raise
South Austin Brewery is raising funds on Wefunder. It is a brewery based in Austin, Texas, that makes Evel Ale, the official Evel Knievel tribute beer. South Austin Brewery has licensing rights to Evel Ale and is distributing to over 900 stores in Texas, with plans to expand to 15 more states in 2017-18. The business has reported a two times growth year-over-year from 2014 to 2015 and is on track to hit $1 million in sales in 2017. Bryan Wallace founded South Austin Brewery in September 2013. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1 million. The campaign proceeds will be used for marketing programs, sales resources, production, brewhouse equipment, and partnership development.
Investment Overview
Invested : $210,680
Deal Terms
- Platform
- Wefunder
- Start Date
- 10/26/2016
- Close Date
- 02/24/2017
$50,000
$1,000,000
$100
Revenue Share
RegCF
1.50X
Company & Team
Company
- Year Founded
- 2013
- Industry
- Alcohol, Tobacco, & Recreational Drugs
- Tech Sector
- Location
- Austin, Texas
- Company Website
-
Visit Website
Team
Financials
-
Revenue
-
$0
as of FY2015
- Monthly Burn
-
$15,147
as of FY2015
-
Runway
-
1.5 months
as of FY2015
- Gross Margin
-
82%
as of FY2015
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Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 02/24/2017 | Wefunder | - | $210,680 | Revenue Share | Funded | RegCF |