Verge Brewing (2022)

Verge Brewing (2022)

About this raise

Verge Brewing, with a valuation of $2 million, is raising funds on Wunderfund. The brewery brews best-in-class beers in the right way. It makes beers like Belgian White IPA, Irish Cork Stout, Dark Mild Ale, American Amber Ale, and Belgian Triple Ale and sells them to taprooms and retail stores. Verge Brewing is led by an experienced and award-winning brew team, taking it to higher grounds. Pete Bender founded Verge Brewing in 2019. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $250,000. The campaign proceeds will be used to finish the construction of the taproom and open doors.

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Investment Overview

Invested this round: $50,100

Deal Terms

Total Commitments

Platform
WunderFund
Start Date
06/03/2022
Close Date
12/31/2022
Min. Goal
$50,000
Max Goal
$250,000
Min. Investment

$100

Security Type

Equity - Common

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$100.00

Pre-Money Valuation

$2,000,000

Company & Team

Company

Year Founded
2019
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
Location
Loveland, Ohio
Business Type
Life Style
Company Website
Visit Website

Team

Employees
6
Prior Founder Exits?
No
Founder Name
Greg Schmidt
Title
Head Brewer
Founder Name
Tyra Schmidt
Title
Quality Control Manager
Founder Name
Peter Bender
Title
COO/CFO
Founder Name
Angela Praksti
Title
Digital Marketing Director
Founder Name
Maddy Schmidt
Title
Tap Room Manager and Digital Marketing
Founder Name
Phil Didion
Title
Assistant Brewer and Digital Promotions

Financials

 Revenue
$780
 Monthly Burn
$725
 Runway
22.8 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$780

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-8,696

$-10,429

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$16,541

$16,541

Accounts Receivable

$0

$0

Total Assets

$45,955

$16,541

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$2,000
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
12/31/2022 WunderFund $2,000,000 $50,100 Equity - Common Funded RegCF
12/31/2021 WunderFund $2,250,000 $106,000 Equity - Common Funded RegCF
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Growth Charts

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

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Add to portfolio
Verge Brewing on Wunderfund 2022
Platform: WunderFund
Security Type: Equity - Common
Valuation: $2,000,000
Price per Share: $100.00

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Follow Verge Brewing on Wunderfund 2022

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Warning: according to the close date for this deal, Verge Brewing may no longer be accepting investments.

Verge Brewing Deal Report

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