Velum Fermentation (2023)

Velum Fermentation (2023)

About this raise

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.

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Investment Overview

Invested this round: $102,350

Deal Terms

Total Commitments

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    Open SEC Filing

Price Per Share

$4.00

Pre-Money Valuation

$6,025,000

Company & Team

Company

Year Founded
2021
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
Location
Pittsburgh, Pennsylvania
Business Type
Growth
Company Website
Visit Website

Team

Employees
2
Prior Founder Exits?
No
Founder Name
Nathan McLaughlin
Title
President
Founder Name
Jenna McLaughlin
Title
COO

Financials

 Revenue
$0
 Monthly Burn
$2,323
 Runway
0.6 months

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

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
08/26/2023 Honeycomb $6,025,000 $21,650 Equity - Preferred Funded RegCF
01/20/2023 Honeycomb $6,025,000 $102,350 Equity - Common 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

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Add to portfolio
Velum Fermentation on Honeycomb 2022
Platform: Honeycomb
Security Type: Equity - Common
Valuation: $6,025,000
Price per Share: $4.00

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Warning: according to the close date for this deal, Velum Fermentation may no longer be accepting investments.

Velum Fermentation Deal Report

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