TapRm

Deal To Watch
BETA

A platform for everything beer

Analytics

Raised to Date: $943,344

Aggregate Commitments $
Platform

Republic

Start Date

11/25/2020

Close Date

04/02/2021

Min. Goal

$25,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Seed

Valuation Cap

$14,000,000

Discount Rate

0%

Weekly Commitments $
Status

Active

Reporting Date

02/24/2021

Days Remaining

35

% of Min. Goal

3,773%

% of Max. Goal

88%

Likelihood of Max
Avg. Daily Raise

$10,366

# of Investors

1,490

Momentum
Location

Brooklyn, New York

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

CommerceTech

Distribution Model

B2B

Margin

Medium

Capital Intensity

Low

Business Type

High Growth

TapRm, with a valuation cap of $14 million, is raising crowdfunding on Republic. It is an e-commerce platform for everything beer that allows brands to sell to their consumers directly. The licensing of TapRm allows it to function as a wholesaler, retailer, delivery courier, and marketer for its brand partners. Jason Sherman founded TapRm in March 2017. The current crowdfunding round has a minimum target of $25,000 and a maximum target of $1,070,000, and the proceeds will be used to continue dominating the beer e-commerce in New York and expand into additional markets. TapRm has sold over 1.5 million beers with an annual revenue run rate of $5 million. The company has reported a 670% annual growth rate and projects revenues of $22 million over the next 18 months.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$625,468

$79,737

COGS

$461,305

$66,018

Tax

$0

$0

 

 

Net Income

$-483,834

$-93,669

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$939,765

$23,154

Accounts Receivable

$115,170

$7,902

Total Assets

$1,269,386

$182,535

Short-Term Debt

$185,634

$25,163

Long-Term Debt

$417,681

$0

Total Liabilities

$603,315

$275,611

Ratings

last updated 02/25/2021

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