Absinthia’s Bottled Spirits (2024)

Absinthia’s Bottled Spirits (2024)

About this raise

Absinthia’s Bottled Spirits, with a valuation of $4.8 million, is raising funds on NetCapital. The company makes high-quality and authentic absinthe using special herbs. Absinthia’s Bottled Spirits crafts four award-winning absinthes, including Blanche, Verte, Barrel Aged, and Bleue, using traditional methods and premium ingredients and caters to a specific market niche, along with dispelling misconceptions and providing customer education. The business has received several awards and recognition and aims to expand its distribution further. Jennifer 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 $618,000. The campaign proceeds will be used for marketing, hiring a sales director, research and development, RTD canned cocktails and mocktails, and general and administrative expenses.

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Investment Overview

Invested this round: $67,176

Deal Terms

Total Commitments

Platform
Netcapital
Start Date
03/18/2024
Close Date
08/28/2024
Min. Goal
$10,000
Max Goal
$618,000
Min. Investment

$99

Security Type

Equity - Common

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.00

Pre-Money Valuation

$4,800,000

Company & Team

Company

Year Founded
2013
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Location
Oakland, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
4
Prior Founder Exits?
No
Founder Name
Absinthia Vermut
Title
CEO

Financials

 Revenue +19% YoY
$135,090
as of FY2023
 Monthly Burn
$7,816
as of FY2023
 Runway
0.1 months
as of FY2023
 Gross Margin
51%
as of FY2023

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$135,090

$113,825

COGS

$65,689

$168,374

Tax

$0

$0

 

 

Net Income

$-93,789

$-278,611

Summary Balance Sheet

FY 2023 FY 2022

Cash

$816

$11,195

Accounts Receivable

$20,786

$6,182

Total Assets

$105,174

$47,244

Short-Term Debt

$9,186

$10,022

Long-Term Debt

$70,891

$74,721

Total Liabilities

$80,077

$84,743

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
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.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Absinthia’s Bottled Spirits on NetCapital 2024
Platform: Netcapital
Security Type: Equity - Common
Valuation: $4,800,000
Price per Share: $1.00

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