Voodoo Scientific

Voodoo Scientific

Early Stage

Scientific breakthrough to fully eliminate harshness from spirits

Scientific breakthrough to fully eliminate harshness from spirits

Overview

Raised to Date: Raised: $359,000

Total Commitments ($USD)

Platform

Wefunder

Start Date

05/09/2024

Close Date

09/30/2024

Min. Goal
$100,000
Max. Goal
$1,235,000
Min. Investment

$250

Security Type

SAFE

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$20,000,000

Discount

20%

Rolling Commitments ($USD)

Status

Active

Reporting Date

05/17/2024

Days Remaining

135

% of Min. Goal

359%

% of Max. Goal

29%

Likelihood of Max
extremely
Avg. Daily Raise

$44,875

# of Investors

35

Momentum
hot.svg
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Year Founded

2021

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Foodtech

Location

Los Angeles, California

Voodoo Scientific, with a valuation of $20 million, is raising funds on Wefunder. The company has developed a proven way for distillers to remove harshness from any spirit. Voodoo Scientific enables distillers to control how smooth they want their product to be and make spirits more desirable and profitable. The product of Voodoo Scientific is easy to adopt and can be easily integrated by distillers as a powder or liquid into their current process. Martin Enriquez and Joana Montenegro founded Voodoo Scientific in July 2021. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $1.24 million. The campaign proceeds will be used for product development, legal fees and patents, sales, and manufacturing.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-777,180

$-62,289

Summary Balance Sheet

FY 2023 FY 2022

Cash

$312,290

$69,332

Accounts Receivable

$0

$0

Total Assets

$314,265

$69,332

Short-Term Debt

$10,734

$11,621

Long-Term Debt

$0

$0

Total Liabilities

$10,734

$11,621

Financials as of: 05/09/2024
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Voodoo Scientific on Wefunder 2024
Platform: Wefunder
Security Type: SAFE
Valuation: $20,000,000

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