Vin Social
About this raise: Vin Social, with a $17 million valuation cap, is raising funds on Wefunder. The company offers virtual hospitality services for top brands and tech companies through its online programs, e-commerce platform, and national product fulfillment capabilities. Sara Moll founded Vin Social in July 2020. The proceeds of the current crowdfunding campaign, with a minimum raise of $50,000 and a maximum raise of $1,070,000, will be used to improve the e-commerce platform and tech infrastructure, hire new team members, and acquire new customers. Vin Social has generated $750,000 in revenues since its launch and is on track to reach $1 million in revenues in the first year. The current clients of Vin Social include Adweek, Cisco, Amazon, Verizon, and many others.
Investment Overview
Invested : $268,751
Deal Terms
Total Commitments ($USD)
- Platform
- Wefunder
- Start Date
- 04/07/2021
- Close Date
- 10/02/2021
$50,000
$1,070,000
$100
Convertible Note
Pre-Seed
RegCF
$17,000,000
15%
Company & Team
Company
- Year Founded
- 2020
- Industry
- Travel and Hospitality
- Tech Sector
- Distribution Model
- B2B2C
- Margin
- Medium
- Capital Intensity
- High
Financials
-
Revenue
- $512,737
- Monthly Burn
- $17,784
-
Runway
- 0.9 months
- Gross Margin
- 56%
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Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 10/02/2021 | Wefunder | $17,000,000 | $268,751 | Convertible Note | Funded | RegCF |