GrapeStars

BETA

The home of celebrity wine and spirits

Analytics

Raised to Date: $102,104

Aggregate Commitments $
Platform

Republic

Start Date

06/18/2020

Close Date

09/18/2020

Min. Goal

$25,000

Max. Goal

$500,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Seed

Valuation Cap

$12,500,000

Discount Rate

0%

Weekly Commitments $
Status
Funded
Reporting Date

09/16/2020

Days Remaining
Funded
% of Min. Goal

408%

% of Max. Goal

20%

Likelihood of Max
Funded
Avg. Daily Raise

$1,110

# of Investors

276

Momentum
Funded
Location

Miami, FL

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

CommerceTech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Business Type

High Growth

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

Ratings

last updated 09/16/2020

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