This company is no longer in business. Investors can get details about any potential exits or failures here.
GrapeStars
Early Stage
The home of celebrity wine and spirits
Overview
Raised: $121,579
Total Commitments ($USD)
Platform
Republic
Start Date
06/17/2020
Close Date
09/18/2020
Min. Goal
$25,000
Max. Goal
$500,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$12,500,000
Discount
0%
Rolling Commitments ($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
$1,322
# of Investors
370
Momentum
Funded
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Year Founded
2016
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
CommerceTech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
GrapeStars, with a valuation cap of $12.5 million, is raising crowdfunding on Republic. It is a unique marketplace for celebrity wines and spirits. The celebrities promote their spirits directly to the customers through the platform and users get to discover new products. The platform complies with all the state and federal laws and also allows users to interact with their favorite celebrities. GrapeStars was founded by Jean-Jean Pelletier, Robert Pelletier, Stephan Fortier, and Stefan Lindqvist in 2016. The proceeds of the current crowdfunding campaign, with a minimum target of $25,000 and a maximum target of $500,000, will be used to expand into international markets and take on new celebrity products. GrapeStars works on a 15% commission on products sold and expects to reach $100 million in revenue in the next five years.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-831,432 |
$-836,952 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$15 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$1,328,133 |
$471,997 |
|
Short-Term Debt |
$449,346 |
$606,524 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$449,346 |
$606,524 |
Financials as of: 06/17/2020
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