Venganza Foods

Early Stage

Plant-based, authentic Mexican food

Analytics

Raised to Date: Raised: $132,263

Aggregate Commitments $

Platform

Wefunder

Start Date

05/03/2022

Close Date

04/30/2023

Min. Goal

$50,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Pre-Seed

Valuation Cap

$10,000,000

Discount Rate

0%

Rolling Commitments $

Status

Active

Reporting Date

05/21/2022

Days Remaining

344

% of Min. Goal

265%

% of Max. Goal

12%

Likelihood of Max
extremely
Avg. Daily Raise

$7,348

Momentum
cold.svg
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Location

Oakland, California

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Business Type

Growth

Venganza Foods, with a valuation of $10 million, is raising funds on Wefunder. The business sells plant-based authentic Mexican food. All the meats of Venganza Foods are made from tofu skin or vegetables, and all cheeses are soy-based. Venganza Foods sells its products through pop-ups, grocery stores, and D2C distribution. The business has generated $500,000 in lifetime revenues with a 25% month-over-month growth. Raul Medina founded Venganza Foods in July 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1,070,000. The campaign proceeds will be used for marketing, procurement of supplies for bags and meats, and operational overheads and salaries.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$33,467

$0

COGS

$26,037

$0

Tax

$0

$0

 

 

Net Income

$7,535

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$15,560

$0

Accounts Receivable

$0

$0

Total Assets

$15,560

$0

Short-Term Debt

$3,025

$0

Long-Term Debt

$0

$0

Total Liabilities

$3,025

$0

Financials as of: 05/03/2022
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Venganza Foods on Wefunder 2022
$
Platform: Wefunder
Security Type: SAFE
Valuation: $10,000,000

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