Velum Fermentation

Velum Fermentation

Early Stage

Brewery

Brewery

Overview

Raised this Round: Raised: $102,350

Total Commitments ($USD)

Platform

Honeycomb

Start Date

11/22/2022

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

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

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: 11/22/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Velum Fermentation 08/25/2023 Honeycomb $6,025,000 $21,650 Equity - Preferred Funded RegCF
Velum Fermentation 01/19/2023 Honeycomb $6,025,000 $102,350 Equity - Common Funded RegCF
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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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Velum Fermentation on Honeycomb 2022
Platform: Honeycomb
Security Type: Equity - Common
Valuation: $6,025,000
Price per Share: $4.00

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