Winc

Top Deal
BETA

A data-driven winery.

Analytics

Raised to Date: $4,837,059

Aggregate Commitments $
Platform

SeedInvest

Start Date

07/29/2019

Close Date

03/31/2020

Min. Goal

$1,750,000

Max. Goal

$14,999,550

Min. Investment

$999

Security Type

Equity - Preferred

Funding Type

RegA+

Valuation

$110,000,000

Weekly Commitments $
Status
Funded
Reporting Date

03/31/2020

Days Remaining
Funded
% of Min. Goal

276%

% of Max. Goal

32%

Likelihood of Max
Funded
Avg. Daily Raise

$19,663

Momentum
Funded
Location
Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Winc, with a $110 million pre-money valuation, is raising funds on SeedInvest through Reg A+ crowdfunding. It is a data-driven winery that makes culturally-relevant wine based on real-time customer feedback. The company uses technology and data to identify trends among consumers and produce wines that are loved by masses. Winc was founded by Geoffrey McFarlane and Brian Smith and has raised over $47 million in previous rounds of financing. The current round of funding has a minimum raise of $1,750,000 and a maximum raise of $14,999,550, and the funds will be used for marketing, brand acquisitions, and inventory. Winc has 542,000 customers and has sold over 13.8 million bottles with a lifetime revenue of more than $200 million.

Balance Sheet

Cash and Cash Equivalents

$6,435,071

Investment Securities

$0

Total Investments

$0

Accounts and Notes Receivable

$1,369,002

Loans

$0

Property, Plant and Equipment (PP&E)

$803,921

Property and Equipment

$0

Total Assets

$19,812,473

Accounts Payable & Accrued Liabilities

$13,446,429

Policy Liabilities and Accruals

$0

Deposits

$0

Long Term Debt

$5,267,579

Total Liabilities

$18,714,008

Total Stockholders' Equity

$1,098,465

Total Liabilities and Equity

$19,812,473

Statement of Comprehensive Income Information

Total Revenues

$36,446,424

Total Interest Income

$0

Costs & Expenses Applicable to Rev

$21,826,793

Total Interest Expenses

$0

Depreciation and Amortization

$632,905

Net Income

$-7,755,541

Earnings Per Share - Basic

$-1

Earnings Per Share - Diluted

$-1

Auditor: Squar Milner LLP
Summary of Crowdfunding Raises
Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
08/12/2021 Issuance $0 $8,178,430 Equity - Preferred Active RegA+
03/31/2020 SeedInvest $110,000,000 $4,837,059 Equity - Preferred Confirmed Closed RegA+

Analyst Report

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