Future Proof

Deal To Watch
BETA

We develop innovative beverage brands for the next generation of drinkers

Analytics

Raised to Date: $738,400

Aggregate Commitments $
Platform

Wefunder

Start Date

10/20/2020

Close Date

02/05/2021

Min. Goal

$100,001

Max. Goal

$1,069,999

Min. Investment

$100

Security Type

Equity - Preferred

Funding Type

RegCF

Series

Series A

Pre-Money Valuation

$60,000,000

Weekly Commitments $
Status

Active

Reporting Date

11/25/2020

Days Remaining

68

% of Min. Goal

738%

% of Max. Goal

69%

Likelihood of Max
Avg. Daily Raise

$20,511

# of Investors

568

Momentum
Location

Austin, TX

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Business Type

Growth

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

last updated 11/29/2020

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Analyst Report

Deal To Watch
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.
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