Venganza Foods
About this raise
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.
Investment Overview
Invested : $120,677
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 05/03/2022
- Close Date
- 08/23/2022
$50,000
$1,070,000
$100
SAFE
Pre-Seed
RegCF
$10,000,000
0%
Company & Team
Company
- Year Founded
- 2021
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- Low
Financials
-
Revenue
- $33,467
- Monthly Burn
- Profitable
- Cash on Hand
- $15,560
- Gross Margin
- 22%
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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 |
|---|---|---|---|---|---|---|
| 08/23/2022 | Wefunder | $10,000,000 | $120,677 | SAFE | Funded | RegCF |