Venganza Foods

Venganza Foods

Early Stage

Plant-based, authentic Mexican food

Plant-based, authentic Mexican food

Overview

Raised to Date: Raised: $120,677

Total Commitments ($USD)

Platform

Wefunder

Start Date

05/02/2022

Close Date

08/23/2022

Min. Goal
$50,000
Max. Goal
$1,070,000
Min. Investment

$100

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$10,000,000

Discount

0%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

08/30/2022

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$1,077

# of Investors

301

Momentum
Funded
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Year Founded

2021

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Location

Oakland, California

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: 05/02/2022
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Venganza Foods on Wefunder 2022
Platform: Wefunder
Security Type: SAFE
Valuation: $10,000,000

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