Monkey Rum (previously Vera Roasting Company)

Monkey Rum (previously Vera Roasting Company)

Early Stage

Award-Winning Barrel Aged Rum

Award-Winning Barrel Aged Rum

Overview

Raised this Round: Raised: $128,165

Platform

Wefunder

Start Date

10/18/2016

Close Date

02/13/2017

Min. Goal
$25,000
Max. Goal
$200,000
Min. Investment

$100

Security Type

SAFE

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$2,000,000

Discount

0%

Year Founded

2014

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Location

New York, New York

Vera Roasting Company, with a valuation of $2 million, is raising funds on Wefunder. The company is on a mission to roast and sell healthy coffee. Vera Roasting Company has patents filed for its proprietary method of bringing the elements of red wine to every cup of its CoffVee. The company sells CoffVee to all 50 states and is available in all local retail markets. Glen Miller founded Vera Roasting Company in September 2015. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $200,000. The campaign proceeds will be used for paid advertising, hiring brand ambassadors, and investment in production and shipping.

Summary Profit and Loss Statement

FY 2015 FY 2014

Revenue

$76,233

$32,147

COGS

$43,131

$20,392

Tax

$0

$8

 

 

Net Income

$-15,741

$23

Summary Balance Sheet

FY 2015 FY 2014

Cash

$10,834

$7,767

Accounts Receivable

$11,535

$0

Total Assets

$42,925

$17,957

Short-Term Debt

$16,363

$11,134

Long-Term Debt

$3,800

$3,800

Total Liabilities

$20,163

$14,934

Financials as of: 10/18/2016
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Monkey Rum (previously Vera Roasting Company) 02/12/2017 Wefunder $2,000,000 $128,165 SAFE Funded RegCF
Monkey Rum 01/29/2017 Wefunder $2,000,000 $425,058 SAFE Not Funded RegCF
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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.

Valuation History

Price per Share History

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

Employee History

Funding data not publicly available

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Vera Roasting Company on Wefunder 2017
Platform: Wefunder
Security Type: SAFE
Valuation: $2,000,000

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