The Wine RayZyn Company

The Wine RayZyn Company

Closed: Apr. 2022

About this raise

The Wine RayZyn Company, with a $20 million valuation, is raising funds on Wefunder. The company has invented a new category of antioxidant-rich dried fruit made from wine grapes. These new superfood fruits are called Wine RayZyns. The Wine RayZyn Company hand harvests premium California Cabernet, Chardonnay, and Merlot wine grapes. Instead of using the wine grapes to make wine, the grape clusters are put through a patent-pending drying process to create Wine RayZyns. The company was founded by Christopher Cates, a cardiologist and Andrew Cates. The current round of crowdfunding has a minimum raise of $10,000 and a maximum raise of $1,070,000 and the proceeds will be used to accelerate sales with the hiring of two positions, web-based sales and marketing campaign, funding of inventory buildout, research and development and to protect Intellectual Properties (IP).

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Investment Overview

Invested this round: $122,775

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
12/20/2021
Close Date
04/30/2022
Min. Goal
$10,000
Max Goal
$1,070,000
Min. Investment

$250

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$20,000,000

Discount

0%

Company & Team

Company

Year Founded
2014
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Location
Atlanta, Georgia
Business Type
Growth
Company Website
Visit Website

Team

Employees
6
Prior Founder Exits?
No
Founder Name
Christopher Cates
Title
CEO
Founder Name
Andrew Cates
Title
Co-founder

Financials

 Revenue +63% YoY
$368,278
 Monthly Burn
Profitable
 Cash on Hand
$275,127
Gross Margin
59%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$368,278

$225,717

COGS

$151,046

$98,290

Tax

$0

$0

 

 

Net Income

$25,311

$-578,752

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$275,127

$111,692

Accounts Receivable

$100,472

$44,253

Total Assets

$1,631,248

$1,376,907

Short-Term Debt

$26,787

$47,757

Long-Term Debt

$750,000

$500,000

Total Liabilities

$776,787

$547,757

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/30/2022 Wefunder $20,000,000 $122,775 SAFE Funded RegCF
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The Wine RayZyn Company on Wefunder 2021
Platform: Wefunder
Security Type: SAFE
Valuation: $20,000,000

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