Vin Social
Early Stage
Virtual hospitality—helping companies increase revenue and grow relationships
Overview
Raised: $268,751
Total Commitments ($USD)
Platform
Wefunder
Start Date
04/06/2021
Close Date
10/02/2021
Min. Goal
$50,000
Max. Goal
$1,070,000
Min. Investment
$100
Security Type
Convertible Note
Series
Pre-Seed
SEC Filing Type
RegCF
Valuation Cap
$17,000,000
Discount
15%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
10/30/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,510
# of Investors
125
Momentum
Funded
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Year Founded
2020
Industry
Travel and Hospitality
Tech Sector
CommerceTech
Distribution Model
B2B2C
Margin
Medium
Capital Intensity
High
Vin Social, with a $17 million valuation cap, is raising funds on Wefunder. The company offers virtual hospitality services for top brands and tech companies through its online programs, e-commerce platform, and national product fulfillment capabilities. Sara Moll founded Vin Social in July 2020. The proceeds of the current crowdfunding campaign, with a minimum raise of $50,000 and a maximum raise of $1,070,000, will be used to improve the e-commerce platform and tech infrastructure, hire new team members, and acquire new customers. Vin Social has generated $750,000 in revenues since its launch and is on track to reach $1 million in revenues in the first year. The current clients of Vin Social include Adweek, Cisco, Amazon, Verizon, and many others.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$512,737 |
$0 |
|
COGS |
$225,360 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-213,409 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$16,811 |
$0 |
|
Accounts Receivable |
$10,555 |
$0 |
|
Total Assets |
$37,074 |
$0 |
|
Short-Term Debt |
$248,167 |
$0 |
|
Long-Term Debt |
$1,316 |
$0 |
|
Total Liabilities |
$249,483 |
$0 |
Financials as of: 04/06/2021
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