Velum Fermentation

Velum Fermentation

Early Stage

Brewery

Brewery

Overview

Raised to Date: Raised: $21,650

Total Commitments ($USD)

Platform

Honeycomb

Start Date

06/26/2023

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    Open SEC Filing

Price Per Share

$4.00

Pre-Money Valuation

$6,025,000

Rolling Commitments ($USD)

Status
Funded
Reporting Date

08/30/2023

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

Location

Pittsburgh, Pennsylvania

Business Type

Life Style

Company Website

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: 06/26/2023
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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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Price per Share History

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

Valuation History

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.

Employee History

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Velum Fermentation on Honeycomb 2023
Platform: Honeycomb
Security Type: Equity - Preferred
Valuation: $6,025,000
Price per Share: $4.00

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