Fuego Fino

Woman-led, eco-friendly wine and spirits company

Analytics

Raised to Date: $36,525

Aggregate Commitments $
Platform

Wefunder

Start Date

04/23/2021

Close Date

04/30/2022

Min. Goal

$50,000

Max. Goal

$418,554

Min. Investment

$500

Security Type

Equity - Preferred

Funding Type

RegCF

Series

Seed

Pre-Money Valuation

$6,210,026

Rolling Commitments $
Status

Active

Reporting Date

05/12/2021

Days Remaining

350

% of Min. Goal

73%

% of Max. Goal

9%

Likelihood of Max
extremely
Avg. Daily Raise

$1,922

Momentum
cold
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Location

Hallandale Beach, Florida

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2B

Margin

Medium

Capital Intensity

High

Business Type

Growth

Fuego Fino, with a pre-money valuation of $6.21 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. Jessica Contreras founded Fuego Fino in 2017. The proceeds of the current round of crowdfunding, with a minimum goal of $50,000 and a maximum goal of $418,554, will be used to invest in the 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

$16,600

$4,056

COGS

$12,952

$21

Tax

$3,449

$254

 

 

Net Income

$-55,381

$-2,329

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$53,502

$3,195

Accounts Receivable

$0

$0

Total Assets

$89,212

$3,195

Short-Term Debt

$31,190

$0

Long-Term Debt

$0

$0

Total Liabilities

$31,190

$0

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Summary of Crowdfunding Raises
Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
04/30/2022 Wefunder $6,210,026 $36,525 Equity - Preferred Active RegCF
09/16/2020 Wefunder $1,490,000 $256,418 Equity - Preferred Confirmed Closed RegCF
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