Abstinence Spirits
About this raise
Abstinence Spirits, with a valuation of $10 million, is raising funds on Wefunder. The business makes botanical-inspired non-alcoholic spirits that bring flavor and sophistication to drinking occasions. Abstinence Spirits does not use artificial flavors, colors, and preservatives and has 1:1 replacement products for alcohol in various cocktails. The business has shipped 50,000 bottles to date and has a revenue run rate of $550,000 in 2024. Ranwei Chiang founded Abstinence Spirits in April 2022. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $124,000. The campaign proceeds will be used for marketing, working capital, and hiring.
Investment Overview
Invested : $133,459
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 12/16/2024
- Close Date
- 05/01/2025
$50,000
$124,000
$100
SAFE
Early Stage
RegCF
$10,000,000
0%
Company & Team
Company
- Year Founded
- 2022
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- High
- Capital Intensity
- Low
Financials
-
Revenue
-
$354,479
as of FY2023
- Monthly Burn
-
$27,740
as of Dec '24
-
Runway
-
1 months
as of Dec '24
- Gross Margin
-
65%
as of FY2023
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $634,185
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 05/01/2025 | Wefunder | $10,000,000 | $133,459 | SAFE | Funded | RegCF |