Overview
Raised: $21,650
Total Commitments ($USD)
Platform
Honeycomb
Start Date
06/27/2023
Close Date
08/26/2023
Min. Goal
$15,000
Max. Goal
$21,650
Min. Investment
$100
Security Type
Equity - Preferred
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$4.00
Pre-Money Valuation
$6,025,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
08/31/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$361
# of Investors
16
Momentum
Funded
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Year Founded
2021
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Velum Fermentation is raising funds on Honeycomb. It is a newly-opened craft brewery in Pittsburgh, Pennsylvania. The brewery spans 35,000 sq ft of industrial building space and functions as a community-driven and family-friendly space for everyone. Velum Fermentation serves 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 $15,000 and a maximum target of $21,650. The campaign proceeds will be used to add an official front entrance to the brewery.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-540,360 |
$-27,881 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$21,313 |
$1,372 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$2,326,288 |
$1,787,423 |
|
Short-Term Debt |
$59,462 |
$0 |
|
Long-Term Debt |
$1,411,213 |
$428,127 |
|
Total Liabilities |
$1,470,675 |
$428,127 |
Financials as of: 06/27/2023
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