Fuego Fino

Fuego Fino

Early Stage

Woman-led, eco-friendly wine and spirits company

Woman-led, eco-friendly wine and spirits company

Overview

Raised to Date: Raised: $256,418

Total Commitments ($USD)

Platform

Wefunder

Start Date

05/21/2020

Close Date

09/16/2020

Min. Goal
$50,005
Max. Goal
$249,995
Min. Investment

$100

Security Type

Equity - Preferred

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$7.50

Pre-Money Valuation

$1,490,000

Rolling Commitments ($USD)

Status
Funded
Reporting Date

09/29/2020

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$2,192

# of Investors

135

Momentum
Funded
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Year Founded

2017

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2B2C

Margin

Low

Capital Intensity

High

Location

Hallandale Beach, Florida

Business Type

Life Style

Fuego Fino, with a pre-money valuation of $1.7 million, is raising funds on Wefunder. It is an eco-friendly wine and spirits company that bottles and distributes high-quality wines and spirits. The products are bottled close to where they are consumed to reduce costs and maintain quality. The company imports the highest quality spirits and distributes them to liquor stores and consumers. Fuego Fino was founded by Jessica Contreras in 2017 and has raised over $150,000 since its founding. The proceeds of the current round of crowdfunding, with a minimum goal of $50,005 and a maximum goal of $249,995, will be used to invest in product and supply chain and manage the operating and general and administrative expenses. Fuego Fino is into the business of a recession-proof product and already has its products in over 50 locations.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$4,056

$7,226

COGS

$21

$10,164

Tax

$0

$0

 

 

Net Income

$-2,179

$-42,823

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$15

$1,467

Accounts Receivable

$0

$0

Total Assets

$8,637

$10,090

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 05/21/2020
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Fuego Fino 11/25/2021 Wefunder $6,210,026 $188,567 Equity - Preferred Funded RegCF
Fuego Fino 09/15/2020 Wefunder $1,490,000 $256,418 Equity - Preferred Funded RegCF
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Price per Share History

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

Valuation History

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.

Employee History

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Fuego Fino on Wefunder
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $1,490,000
Price per Share: $7.50

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