Absinthia’s Bottled Spirits (2019)

Absinthia’s Bottled Spirits (2019)

Closed: May. 2019

About this raise

Absinthia’s Bottled Spirits is raising funds on CrowdFund Mainstreet. The company makes and sells organic absinthe using certified organic ingredients. The absinthe of Absinthia’s Bottled Spirits is naturally sweet, delicious, and easy to drink and uses organic herbs and biodynamic grape alcohol. Absinthia’s Bottled Spirits has over 50 high-end customers and has won six awards, including three gold medals. J. Absinthia Vermut founded Absinthia’s Bottled Spirits in July 2013. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $500,000. The campaign proceeds will be used to hire a food and beverage specialist PR firm, travel for trade shows, and hire salespeople.

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Investment Overview

Invested this round: $63,500

Deal Terms

Total Commitments

Platform
CrowdFund Mainstreet
Start Date
03/26/2019
Close Date
05/31/2019
Min. Goal
$10,000
Max Goal
$500,000
Min. Investment

$100

Security Type

Revenue Share

SEC Filing Type

RegCF    Open SEC Filing

Company & Team

Company

Year Founded
2013
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Location
Oakland, California
Company Website
Visit Website

Team

Financials

 Revenue
$0
as of FY2018
 Monthly Burn
$4,431
as of FY2018
 Runway
0.4 months
as of FY2018
View Detailed Financials Expand

Summary Profit and Loss Statement

FY 2018 FY 2017

Revenue

$21,962

$5,355

COGS

$26,710

$10,164

Tax

$2,396

$1,446

 

 

Net Income

$-53,167

$-16,774

Summary Balance Sheet

FY 2018 FY 2017

Cash

$1,796

$4,326

Accounts Receivable

$3,246

$1,248

Total Assets

$6,542

$7,074

Short-Term Debt

$7,106

$5,299

Long-Term Debt

$11,654

$0

Total Liabilities

$18,760

$5,299
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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
08/28/2024 Netcapital $4,800,000 $67,176 Equity - Common Funded RegCF
05/31/2019 CrowdFund Mainstreet - $63,500 Revenue Share Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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Absinthia’s Bottled Spirits on CrowdFund Mainstreet 2019
Platform: CrowdFund Mainstreet
Security Type: Revenue Share

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