Future Proof
We develop innovative beverage brands for the next generation of drinkers
Analytics
Raised to Date: $1,070,000
Aggregate Commitments $
Wefunder
10/20/2020
04/01/2021
$100,001
$1,069,999
$100
Equity - Preferred
RegCF
Series A
$60,000,000
Weekly Commitments $
Active
02/24/2021
35
1,070%
100%
$8,425
1,238
Austin, Texas
Food, Beverage, & Restaurants
Non-Tech
B2C
Medium
High
Future Proof, with a $60 million pre-money valuation, is raising funds on Wefunder. The company builds and develops innovative beverage brands of the future. The products connect with the lifestyle of the younger generation and speak to innovative individuals. The company currently has three brands, including BeatBox Beverages, Brizzy Seltzer Cocktail, and Corkless. Future Proof was founded by Justin Fenchel, Aimy Steadman, and Brad Schultz in 2012 and has raised over $14 million since its founding. The current crowdfunding campaign has a minimum raise of $100,001 and a maximum raise of $1,069,999, and the funds will be used for sales and marketing expenses, operating expenses, investment in headcount, and G&A expenses. Future Proof brands are currently available in over 10,000 stores and reported a 98% year-over-year growth for 2019.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$4,199,062 |
$2,025,037 |
|
COGS |
$4,004,883 |
$1,907,588 |
|
Tax |
$4,911 |
$0 |
| ||
| ||
|
Net Income |
$-4,234,348 |
$-3,172,247 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$646,464 |
$359,155 |
|
Accounts Receivable |
$410,111 |
$616,748 |
|
Total Assets |
$2,493,588 |
$1,369,792 |
|
Short-Term Debt |
$1,119,451 |
$376,175 |
|
Long-Term Debt |
$1,488,784 |
$0 |
|
Total Liabilities |
$2,608,235 |
$376,175 |
Ratings
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Ratings Platform - Beta Trial
Our new ratings and analytics platform is currently in Beta. To gain access to the Beta platform features, upgrade to a Pro paid account and accept the Beta terms on any page.
For a limited time, use coupon code "TRYMERLIN20" for a free 20 day trial of Kingscrowd Pro and Merlin Beta. Your paid subscription will activate at the end of 20 days. Cancel anytime.Other Deals
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