Velum Fermentation
Early Stage
Brewery
Overview
Raised: $102,350
Total Commitments ($USD)
Platform
Honeycomb
Start Date
11/23/2022
Close Date
01/20/2023
Min. Goal
$25,000
Max. Goal
$124,000
Min. Investment
$100
Security Type
Equity - Common
Series
Series A
SEC Filing Type
RegCF
Price Per Share
$4.00
Pre-Money Valuation
$6,025,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
01/31/2023
Days Remaining
Funded
% of Min. Goal
409%
% of Max. Goal
83%
Likelihood of Max
Funded
Avg. Daily Raise
$1,765
# of Investors
117
Momentum
Funded
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Year Founded
2021
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
Velum Fermentation is raising funds on Honeycomb. It is an upcoming craft brewery in Pittsburgh, Pennsylvania. The brewery will span 35,000 sq ft of industrial building space and will function as a community-driven and family-friendly space for everyone. Velum Fermentation will serve premium craft beers, including IPAs, traditional lagers, barrel-aged and wild sours, and seasonal pours. Nathan McLaughlin founded Velum Fermentation in January 2021. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $124,000. The campaign proceeds will be used for the Phase 1 buildout of the brewery.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-27,881 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$1,372 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$1,787,423 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$428,127 |
$0 |
|
Total Liabilities |
$428,127 |
$0 |
Financials as of: 11/23/2022
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