Voodoo Brewing Company

Voodoo Brewing Company

Voodoo Brewing Company is raising funds on Honeycomb. The brewery is located in Meadville, Pennsylvania, and develops artisan beers. Voodoo Brewing Company has won several awards, including DRAFT Magazine’s Best Beer of the Year award and GABF award, and is expanding rapidly, with franchises opening across the US. The business has five corporate pubs and a network of locally and independently owned franchise pubs. Matthew Rachocki and Curtis Rachocki founded Voodoo Brewing Company in November 2005. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $111,098. The campaign proceeds will be used to pay off the line of credit.

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Investment Overview

Raised this Round: Raised: $49,269

Deal Terms

Total Commitments ($USD)

Platform
Honeycomb
Start Date
11/06/2024
Close Date
12/23/2024
Min. Goal
$50,000
Max. Goal
$111,098
Min. Investment

$100

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$20.74

Pre-Money Valuation

$10,000,000

Company & Team

Company

Year Founded
2005
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
High
Location
Meadville, Pennsylvania
Business Type
Life Style
Company Website
Visit Website

Team

Employees
75
Prior Founder Exits?
No
Founder Name
Matthew Rachocki
Title
CEO
Founder Name
Curtis Rachocki
Title
Head BRewer, Vice President

Financials

as of Fiscal Year 2023
 Revenue +12% YoY
$6,782,973
 Monthly Burn
$48,683
 Runway
1.7 months
Gross Margin
66%
View Detailed Financials Expand

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$6,782,973

$6,078,445

COGS

$2,310,507

$2,338,941

Tax

$-208,085

$6,516

 

 

Net Income

$-584,191

$-221,791

Summary Balance Sheet

FY 2023 FY 2022

Cash

$80,686

$112,424

Accounts Receivable

$72,430

$136,745

Total Assets

$4,247,659

$4,426,060

Short-Term Debt

$866,473

$642,534

Long-Term Debt

$1,942,864

$2,237,719

Total Liabilities

$2,809,337

$2,880,253
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Company Funding & Growth

Funding history

Total Prior Capital Raised
$742,444
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
12/23/2024 Honeycomb $10,000,000 $49,269 Equity - Common Active RegCF
04/29/2024 Honeycomb $10,000,000 $481,520 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
Voodoo Brewing Company on Honeycomb 2024
Platform: Honeycomb
Security Type: Equity - Common
Valuation: $10,000,000
Price per Share: $20.74

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