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TapRm isn't accepting new investments

TapRm’s deadline was May 1, 2021

Follow the company to stay updated on their progress, including future investment opportunities


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TapRm

A platform for everything beer
B2C
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Featured image of TapRm
$1,605,271
Raised
2,324
Investors
Successfully funded and closed on May 1, 2021.
Invest in TapRm

Open for investment

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Closed on May 1, 2021. Information may not be up-to-date. Campaign closed on May 1, 2021. Information displayed may not be up-to-date.
Problem Solution Product Traction Customers Biz. model Market Competition Vision and strategy Funding Founders
About Team Press

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by TapRm I, A Series of Republic Deal Room Master Fund, LP. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
TapRm Crowd SAFE TapRm Form C-A 04.02.2021.pdf TapRm Form C.pdf
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Hear from some of the 2,324 investors in TapRm


Show more

Highlights


$1M+ revenue
Company had over $1M in revenue in the past 12 months
  • Fastest growing U.S. alcohol e-comm platform during COVID-19
  • Over 1.5M beers sold with a $5M annual revenue run-rate
  • 670% annual growth rate; projected $22M revenue over next 18 months
  • 35K+ unique customers & 110 brand partners
  • $325K in brand marketing investments, including Anheuser Busch & Blue Point
  • 650+ retail partners, including Whole Foods, Total Wine, Eataly & Per Se
  • $119B+ total U.S. market with $4B+ addressable market in New York alone

Note: For investments that have been committed before 2:00 PM Eastern Time on April 7, 2021, the "Valuation Cap" will be $14,000,000. For all other investment commitments, the Valuation Cap will be $22,000,000.

Problem


Middlemen prevent beer brands from reaching you online

Of the $119B of beer sold in the U.S. market, only 0.2% was sold online in 2019 - lower than virtually any other industry due to the middle-men heavy regulations. Despite beer being one of the oldest industries, it has been slowest to modernize, maintaining a stacked and siloed supply chain.

The result for beer consumers is an expensive, limited, and inconsistent online purchasing experience. While they can get almost everything else at the click of a button, they have no efficient way to order the brands they love besides hoping it's in stock at a local store.

Brands must jump through many hoops to sell online, discouraging them from pursuing the benefits that come from a dedicated e-commerce presence.

Solution


TapRm: A platform for everything beer

We've been called the "The Shopify Meets Amazon of Beer" by prominent investors.

By collapsing the supply chain, we enable our brands to sell to their consumers more directly. Our hard-to-acquire licensing allows us to act as the wholesaler, retailer, delivery courier, and marketer for our brand partners—a first in the industry.

Product


The nation's premier all-in-one beer solution

We gather data through our marketplace, TapRm.com which allows us to source and sell trend-setting beer brands.

We're expanding our marketplace through continuous customer feedback, data-driven brand acquisition, and consumer-obsessed marketing.

Your browser does not support HTML5 vide

We build custom branded websites for all our brand partners on TapRm.com to feature their best products and give them a place to send fans. 

We provide digital marketing packages for our brands, including Facebook/Instagram paid ads, influencers, blog articles, PR, email campaigns, and giveaways to accelerate their growth online.  To date, we've managed over $320K of brand marketing budget, yielding over 2x in revenue.

Traction


Explosive 670% growth YoY

Projecting nearly $6M in sales for 2020, we’ve experienced major expansion in our first full year as a revolutionary one-stop solution for beer brands.

 

TapRm leads an online beer movement as the fastest growing alcohol e-commerce company according to Rabobank and we’ve continued to attract a flood of press attention.

Customers


Brands and beer drinkers together at last

The TapRm marketplace has served over 35,000 beer drinkers, who finally can get their hands on the beer they love.

All of our 110 brand partners receive unparalleled insights into their consumers allowing them to focus on what really matters: making good beer.
Your browser does not support HTML5 video.A select number of brands join us exclusively -- unlocking all the B2B benefits of the TapRm platform. These boundary-pushing brands include:These exclusive brand partners gain access to our network of 650+ retail and restaurant partners, including the top bars, restaurants and supermarkets in New York including:

Business model


Brewing up an e-commerce revolution in beer

TapRm has the best unit economics in the industry. We take a 50% margin on every B2C sale, a 30% margin on every B2B sale, and a 10% margin on every marketing investment.


This is possible through our data-driven business model that allows for a fully integrated strategy. By removing the cost and reliance on middlemen, we reduce friction in the supply chain to deliver beer more efficiently and effectively.

Market


Disrupting America’s $119B beer industry

An unprecedented market opportunity is at our fingertips – the online beer market in the U.S. is still in its infancy. Only 0.2% of beer bought in 2019 was purchased online. However, brand advertising and online sales are rapidly growing, as exemplified during the COVID-19 pandemic.

TapRm is disrupting America’s $119B beer industry by enabling brands to reach, grow and understand their consumers. Our core business growth projections show an ARR of $159M by EOY 2024. 

Competition


TapRm stands alone

Others address only parts of the problem, adding even more to the cost, complexity and inconsistency of the existing market. We are the only all-encompassing solution for the modern age. 

Vision and strategy


Brand development & geographic expansion

With your investment, TapRm will continue to dominate the beer e-commerce market in New York and expand into additional markets. With our unlimited potential, there are a myriad avenues for growth, but some of our key goals include: 

Funding


$1.4M Equity funding to date

In our prior round of funding in November of 2019, we raised $1.4M which propelled our revolutionary omni-channel beer platform. This new round of investment will accelerate us to our projected revenue of $22M over the next 18 months and cash flow profitability.

Join our family of investors that include the nation's top venture capitalists, alcohol suppliers, distributers, and hospitality groups.

Founders


Our Founder

TapRm's founder, Jason Sherman, is uniquely positioned with his experience at the intersection of beer, e-commerce, and law.

Deal terms


Valuation cap

$22,000,000

The maximum valuation at which your investment converts into equity shares or cash.
Learn more

Discount

0%

If a trigger event for TapRm occurs, the discount provision gives investors equity shares (or equal value in cash) at a reduced price.
Learn more.

Minimum investment

$100

The smallest investment amount that TapRm is accepting.
Learn more

Funding goal

$5M

TapRm must achieve its minimum goal of $25K before the deadline. The maximum amount the offering can raise is $5M.
Learn more

Deadline
TapRm needs to reach their minimum funding goal before the deadline ( ). If they don’t, all investments will be refunded.
Learn more
Type of security

Crowd SAFE

A SAFE allows an investor to make a cash investment in a company, with rights to receive certain company stock at a later date, in connection with a specific event. · Learn more

How it works

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by TapRm I, A Series of Republic Deal Room Master Fund, LP. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
TapRm Crowd SAFE TapRm Form C-A 04.02.2021.pdf TapRm Form C.pdf

Bonus perks

In addition to your Crowd SAFE, you'll receive perks for investing in TapRm.
Invest
$100
Receive
  • Own a part of TapRm
  • 5% discount on all TapRm.com beer for life
  • Access to exclusive merchandise and new beer releases
  • TamRm investor membership card (It's also a bottle opener!)
Invest
$250
Receive
  • All lower tier perks
  • Exclusive access to TapRm.com's Investor Portal. Get the first look at new releases, virtual tasting events, brand partner promotions and investor-only mixed packs.
  • Additional 15% back in credit on gift cards for 6 months
  • Free TapRm hat
  • Name, social handle, and favorite brewery listed as "TapRm Investor" on our website (optional)
Invest
$500
Receive
  • All lower tier perks
  • In-person invite to annual shareholder meeting in NYC. Finishes with a TapRm led NYC/Brooklyn bar crawl for yourself and two friends.
  • Additional 15% back in credit on gift cards for 9 months
  • Name your own custom mix pack on TapRm.com
Invest
$1,000
Receive
  • All lower tier perks
  • TapRm merch pack (crewneck, koozie, and hat with a $100 value)
  • Additional 15% back in credit on gift cards for 1 year
  • Custom 12 pack curated by our resident beer concierge
Invest
$10,000
Receive
  • All lower tier perks
  • 2 night complimentary stay in NYC for 2 (hotel + dinner at a brewery/restaurant partner)
  • Family Plan: 20% discount for life for you and 4 others
  • Free keg!
Invest
$25,000
Receive
  • All lower tier perks
  • Meet and greet brewery tour with TapRm team and brewery partner
  • Half-price beer for life
  • Beer fridge stocked with products from our exclusive partners

About TapRm

Legal Name
TapRm I, A Series of Republic Deal Room Master Fund, LP
Founded
Apr 2022
Form
Delaware Limited Partnership
Employees
0
Website
taprm.com
Social Media
Headquarters
Google Map location of of TapRm
6510 Millrock Drive , Salt Lake City, UT
Headquarters
6510 Millrock Drive, Salt Lake City, UT, United States 84121

TapRm Team
Everyone helping build TapRm, not limited to employees

Profile picture of Jason Sherman
Jason Sherman
Founder
Profile picture of Zach Miles
Zach Miles
Operations, Finance, and Strategy
Profile picture of Dan Minogue
Dan Minogue
Brand Partnerships
Profile picture of Robbie Scott
Robbie Scott
Marketing and Data
Profile picture of Nick Triano
Nick Triano
B2B
Profile picture of Susie Michelson
Susie Michelson
Customer Success
Profile picture of Audrey Banks
Audrey Banks
Product
Profile picture of Graham Glaser
Graham Glaser
Beer Geek
6 more team members
Jason Sherman
Founder
Dan Minogue
Brand Partnerships
Robbie Scott
Marketing and Data
Zach Miles
Operations, Finance, and Strategy
Nick Triano
B2B
Susie Michelson
Customer Success
Audrey Banks
Product
Graham Glaser
Beer Geek

Press

Two New Yorkers launched a line of Asian-inspired hard se...
Time Out New York Time Out New York
·
Oct 9, 2020

Lunar jumps on the meteoric success of hard seltzer but with ingredients not often used by brands like White Claw. Months...

Jackalope Expands Distribution in New York With TapRm | B...
Brewbound Brewbound
·
Oct 9, 2020

NEW YORK - TapRm is excited to announce that New York can now get a taste of Nashville with our newest exclusive partners...

A Throwback Beer Returns to New York
Nytimes Nytimes
·
Sep 29, 2020

The Dodgers are long gone from Brooklyn. And so is Schaefer Beer, once a top-selling brand and a team sponsor that was br...

TapRm Takes A Look at Hard Seltzer's Rising Competitors |...
Brewbound Brewbound
·
Aug 29, 2020

The hard seltzer category has been growing exponentially since its debut in 2013. Capturing and keeping consumers year af...

TapRm is the latest online craft beer sales platform conn...
Craft Brewing Business Craft Brewing Business
·
Mar 5, 2019

Beer distribution might go the way of the taxi industry in the coming years as more door to door craft beer sales platfor...

Beer-loving commerce startup TapRm raises $1.5M
TechCrunch TechCrunch

Jason Sherman, founder and CEO of TapRm (pronounced "taproom"), says it's time for beer-lovers to do more of their shoppi...

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TapRm

TapRm successfully raised $1,605,272 from 2324 investors on May 1, 2021
Profile picture of Charles Richardson
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Charles, SK, Ravi, Eric, Stephanie Sacharissa, and 2319 others invested. 618 Reviews
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