Republic Republic Republic
  • Log in
Open account
Oops! We couldn’t find any results...
Can’t find a deal? Try advanced search.
Is something missing? Add your suggestion here.
Primary market Live deals Trading Buy and sell Republic Note Own a piece of Republic's upside
Republic Ventures Opportunities for accredited investors
Republic Capital Multi-stage venture firm
Wallet Manage your digital assets Mobile app Available on iOS or Android Learning center Explore investor resources FAQ Get your questions answered
Capital fundraising Raise on Republic Tokenized assets Design, launch, manage tokenized assets Sharedrops Gift equity as a reward Founder Academy A complete guide to raising funds
Advisory Access veteran web3 advisors Infrastructure Stake your digital assets Tokenization Deploy your assets on-chain
Republic Capital In-house Venture Capital fund Broker dealer Regulated capital services
Republic Republic Republic
Oops! We couldn’t find any results...
Can’t find a deal? Try advanced search.
Is something missing? Add your suggestion here.
  • US

  • Log in
  • Open account
All investors
Primary market Live deals Trading Buy and sell
Republic Note Own a piece of Republic's upside
Accredited only
Republic Ventures Opportunities for accredited investors
Institutional
Republic Capital Multi-stage venture firm
More
Wallet Manage your digital assets Mobile app Available on iOS or Android Learning center Explore investor resources FAQ Get your questions answered
Growth capital solutions
Capital fundraising Raise on Republic Tokenized assets Design, launch, manage tokenized assets Sharedrops Gift equity as a reward Founder Academy A complete guide to raising funds
Web3 services
Advisory Access veteran web3 advisors Infrastructure Stake your digital assets
Tokenization Deploy your assets on-chain
Institutional services
Republic Capital In-house Venture Capital fund
Broker dealer Regulated capital services

TapRm isn't accepting new investments

Explore new investment opportunities:

View companies raising now
Logo of TapRm

TapRm

A B2B SaaS platform enabling alcohol brands to sell directly from their websites
B2C SaaS B2B
Facebook Telegram Twitter LinkedIn
Featured image of TapRm
This is an SPV deal. See fees.
Round
Pre Series A
Allocation
$1M
Pre-Money Valuation
$35M
Minimum investment
$1,000
Instrument
Convertible Note
Deadline
June 18, 2022
TapRm has withdrawn its campaign
All investments have
been refunded.

Check out other startups
Invest in TapRm
Campaign closed

Open for investment

Investors in TapRm also invested in these companies. View more
Logo of Rentberry

Rentberry

Invest Pre-IPO in the AI Revolution Transforming $13...

Republic Funding Portal · Reg CF
Loading...
Co-investors
TIA Ventures
Investors in BentoBox, Balto, RentRedi
TIA Ventures is a seed-stage venture capital fund focused on B2B software, helping new businesses scale into industry standards.
Electric Feel Ventures
Investors in Grin, Koji, MoonPay
EFV is the venture arm of Electric Feel Entertainment with a focus on early-stage CPG + Consumer Tech startups
Branded Hospitality Ventures
Investors in NBTV, Bbot, Lavit
Branded Hospitality Ventures is a micro venture fund focused on hospitality technology, emerging concepts and unique F&B.
Pitch Discussion 15 Updates 1
Questions? (855) 668-2575
Invest Invest in TapRm
Questions?
Facebook Telegram Twitter LinkedIn
Problem Solution Product Traction Customers Biz. model Market Competition Vision and strategy Meet the founder Disclaimers
Press Discussion

Documents

Republic Deal Room Advisor (Republic Deal Room Advisor LLC, CRD# 31568) is hosting this Reg D 506(c) securities offering by TapRm I, A Series of Republic Deal Room Master Fund, LP.
Company documents
Subscription Agreement TapRm I LPA.pdf TapRm I PPM.pdf
Loading

Investment summary


Need a cold one? This is a special purpose vehicle formed to invest in the Pre-Series A Round of TapRm, which previously raised a successful Seed Round campaign through Republic in May 2021. TapRm saw industry-leading growth as an alcohol-tech company that expanded exponentially during the COVID-19 pandemic. The Company has recently launched 'Powered by TapRm' ™, leveraging their technology and infrastructure moat as a SaaS solution to help beer brands get their products to consumers.

Investment highlights since launching TapRm's SaaS platform in October 2021, provided by TapRm as of April 2022:

  • Fastest-growing US alcohol-tech company during COVID-19 (since March 2020)
  • Ranked 108 on the Inc5000 list of fastest-growing companies in 2021
  • $1.45M current gross SaaS annual recurring revenue (ARR) run rate
  • Grown from 3 to 141 brand customers signed since B2B launch in Oct 2021
  • An average of a 12.2% take-rate received on GMV driven through the platform
  • 28% month-over-month growth in SaaS gross revenue
  • Expanded from 3 to 20 cities, 10 new per month, 75 projected by end of year

TapRm's previous Seed round campaign on Republic was successfully funded by 2,300+ investors. The Company is now back on the platform, offering exclusive allocation for Deal Room investors before their Pre-Series A Round.

Problem


Brands Cannot Legally Sell Beer From Their Own Website

Despite being one of the oldest industries, beer has been one of the slowest to modernize, maintaining a stacked and siloed supply chain. Even today, prohibition-era laws ingrained deeply in the industry's infrastructure generally prevent breweries from selling directly to consumers at home. 

The emergence of online marketplaces (like Drizly) ended up solving fewer problems than they would go on to create. 

Today, brands selling online go through a process that is slow, disconnected from their consumers and data, and unreliable for their customers. Ultimately, beer brands are still far from being able to engage and build loyalty with their customers online.

Solution


'Powered by TapRm' ™

An End-to-End Platform Empowering Alcohol Brands To Sell Directly From Their Own Websites

'Powered By TapRm' ™ is an enterprise SaaS platform that transforms alcohol websites into a thoroughly modern e-commerce experience for brands. 'Powered By TapRm' ™ allows brands to legally and efficiently sell their products online, freeing them to build demand and reach their customers more efficiently, effectively, and more directly than ever before without reliance on the industry’s institutional gatekeepers.

Product


The Premier E-commerce Solution for Alcohol Brands

TapRm’s 'Powered By' ™ software brings alcohol e-commerce into the modern era by integrating directly into a brand’s website, adding the capability of actually selling their beer from their existing site.

Brands retain all their first-party customer analytics, allowing them to understand their consumer and build a cohesive digital marketing strategy.

'Powered By TapRm' ™ handles all regulatory requirements, while providing best-in-class customer service, and an average of over 98% fulfillment accuracy across its fulfillment network.

TapRm's proprietary software and tech stack is enterprise-grade, boasting dozens of integrations, and a public API for clientele requiring a more tailored solution.

Traction


Explosive Growth since Platform Launch

New Brand Contracts Are Being Signed at a 28% rate MOM

Since launching their 'Powered By TapRm' ™ solution in October 2021, TapRm has signed over 141 brand contracts, with more and more brands signing on to the platform each month as TapRm extends their reach. 

TapRm has grown its available brand prospects from 823 to 3,717, projecting another 30,000+ prospects by the end of the year.

They have expanded from 3 to 20 cities nationwide, with TapRm Fulfillment centers in each, all using their platform to fulfill orders for same-day delivery. 

Customers


Trusted By Hundreds of Alcohol Brands

'Powered By TapRm' ™ provides all of their brand customers with unparalleled analytics and insights into their consumers, allowing them to focus on what really matters: making great alcohol products and growing their business. 

Here's some feedback from several of TapRm's 'Powered By' ™ brand customers about their experiences using the platform:

TapRm's brand customers aren't the only ones excited -- their consumers are too. The service excellence provided by TapRm's Fullfillment Center Network and Customer Experience team speaks for itself:

Business model


A Subscription Service for Alcohol Brands 

'Powered By TapRm' ™ is a SaaS platform: they receive a monthly recurring software fee for the services provided. Smaller brands can sign a $1,000 monthly contract for a limited amount of monthly orders through the platform. For brands looking to scale faster, they can agree to a $2,500 monthly contract to unlock a larger amount of monthly orders.

For larger brands, more tailored packages are available, including the ability to build apps and websites with their Public API, as well as custom packaging, inserts, and marketing campaigns.

Additionally, TapRm takes a percentage-based take-rate of all sales running through the platform ranging from 10-15% of GMV from each of their Fulfillment Centers.

Market


Unprecedented Opportunities in the Alcohol Space

Today, there are over 30,000 brands just in beer and malt beverages, meaning that for 'Powered By TapRm' ™ there is over $312 million in Beer SaaS Revenue in the Total Available Market. 

As the 'Powered By TapRm' ™ platform grows, the potential to add wine and spirits cannot be overlooked. There is over $480 million in Wine & Spirits SaaS Revenue in the Total Available Market today. 

The overall online alcohol market has exploded since 2019, with a 131% growth of alcohol sales. The online share for alcohol is expected to grow by 55% annually through 2025. 

Competition


'Powered by TapRm' ™ Stands Alone

TapRm's all-encompassing brand-focused platform has few (if any) competitors in the alcohol space today -- most of the related businesses cater primarily to consumers, not brands. What makes 'Powered By TapRm' ™ so powerful in comparison is that it can support all the existing alcohol e-commerce players on their platform (and already does for many of them).

'Powered By TapRm' ™ combines the best qualities of all the players in the alcohol e-commerce space: a seamless customer experience, fast and accurate delivery, and a highly customizable platform. 

Vision and strategy


Growth Opportunities & National Expansion

'Powered By TapRm' ™ has unlimited potential -- there are a multitude of avenues for future growth

TapRm's focus for the remainder of 2022 is simple, but impactful: continuing their expansion into cities across the U.S. to further the reach of our distribution and same-day delivery, as well as signing on new beer and alcohol brand customers who are excited to grow their presence online. 

Value-added services -- including new distribution solutions for all their existing brand customers -- are currently in the early stages of development. TapRm has also begun to explore opportunities in wine and spirits, as well as launching and scaling in-house developed brands on their software platform.

Meet the founder


Founder Jason Sherman 

TapRm's innovative founder combines his unique experience in beer, law, and e-commerce to lead the TapRm team

As a Harvard/Harvard Law trained lawyer, Jason has over a decade of experience in the industry managing investments and acquisition decisions into a host of beverage businesses, including e-commerce, CPG, technology, and logistics startups at Zx Ventures, the global incubator and venture capital team founded by Anheuser Busch InBev, the leading global brewer. There, he helped grow startups into thriving, capitalized businesses, each designed to scale into high-value assets. Jason took his experience to simplify the complex U.S. alcohol industry all under one easy-to-use platform, TapRm.

Disclaimers


In addition to the carried interest Republic Deal Room Advisor LLC is entitled to for the syndicated investments it organizes, certain principals of Republic Deal Room Advisor LLC may have a personal interests in these investments, as disclosed below. When making an investment decision please review any applicable disclosures as they represent pre-existing financial interests held by those principals of Republic Deal Room Advisor LLC.

We do not represent that the information contained herein is accurate or complete, and it should not be relied upon as such. Opinions expressed herein are subject to change without notice. Certain information contained herein (including any forward-looking statements and economic and market information) has been obtained from and/or prepared by the Company or other third-party sources and in certain cases has not been updated through the date hereof. While such sources are believed to be reliable, Republic Deal Room Advisor LLC does not assume any responsibility for the accuracy or completeness of such information. Republic Deal Room Advisor LLC does not undertake any obligation to update the information contained herein as of any future date.

Documents

Republic Deal Room Advisor (Republic Deal Room Advisor LLC, CRD# 31568) is hosting this Reg D 506(c) securities offering by TapRm I, A Series of Republic Deal Room Master Fund, LP.
Company documents
Subscription Agreement TapRm I LPA.pdf TapRm I PPM.pdf

Press

The Pandemic's Influence on the Spirit Industry
Tech Times
·
Mar 4, 2022

The pandemic altered the way we do business. It affected every industry, including the alcohol industry. Stay-at-home ord...

Walker Brothers Partners with TapRm for New York Distribu...
Brewbound
·
Jun 2, 2021

NASHVILLE, Tennessee - Walker Brothers craft kombucha will be available in New York through the brand's recent partnershi...

Beer delivery platform TapRm expands to 32 states
Craft Brewing Business
·
Apr 6, 2021

For those keeping score in the beer delivery / eCommerce wars, TapRm is a beer distribution platform designed for breweri...

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...

Show all

Discussion

Ask questions and share feedback with the TapRm team below. If you have support related questions for Republic, please contact investors@republic.co.
Loading
Logo of TapRm

TapRm

Invest in TapRm
Republic

Giving everyone access to early-stage startup investing

For investors
  • Why invest
  • How it works
  • FAQ
  • Risks
  • Privacy policy
  • Accessibility
  • Cookie Preferences
  • Form CRS
For startups
  • Why raise
  • Learn
  • FAQ
  • Tokenized assets
Company
  • About
  • Insights
  • Events
  • Contact
  • Security
  • We're hiring!
Dollar Refer a startup, get $2,500
Dollar Refer a startup, get $2,500

Invest in the app

Android app iOS app

Invest in the app

Android app iOS app

This site (the "Site") is owned by OpenDeal Inc. and hosted by its wholly owned subsidiary Republic Core LLC, a technology services provider which is not a registered broker-dealer, investment adviser, or securities intermediary. Neither Republic Core LLC nor OpenDeal Inc. provide investment advice, endorsement, analysis, or recommendations with respect to any securities. All securities listed here are being offered by, and all information included on this Site is the responsibility of, the applicable issuer of such securities. The intermediary facilitating the offering will be identified in such offering’s documentation. Certain pages discussing the mechanics and providing educational materials may refer to OpenDeal Inc. and its affiliates collectively as “Republic”, solely for explanatory purposes.

This page and all other pages that are branches are maintained by Republic Deal Room Advisor LLC, an exempt reporting investment adviser, which is a subsidiary of OpenDeal Inc. Republic Deal Room Advisor LLC may cancel an offering for any reason, and there is no guarantee that a specific allocation will be made available. Successful offerings are syndicated through a special purpose funds, and Republic Deal Room Advisor LLC or an affiliate will charge a carried interest and management fee as an investment advisor to the relevant fund. Early stage investing is highly risky and subject to total loss of capital, and is suitable for experienced investors only. Investors co-investing in Republic Deal Room Advisor LLC's syndicates are responsible for making their own investment decisions. Republic Deal Room Advisor LLC provides investment advisory services to its investment funds only.

By accessing links to other pages on the Site and thereby accessing the Site and any pages thereof, you agree to be bound by the Republic Deal Room Advisor LLC's Terms of Use and Privacy Policy, please also see Republic Deal Room Advisor LLC's Form ADV.

Investors should verify any issuer information they consider important before making an investment.

Invest in startups using your credit card
You can invest using your credit card

Made in SF/NYC