AKA Spirits

AKA Spirits

Closed: Dec. 2021

About this raise

AKA Spirits, with a pre-money valuation of $6.6 million, is raising funds on StartEngine. The company has created a unique craft gin suitable for the American palate. The TUCK gin has a modern flavor and appeals to both gin and non-gin lovers. The business has also created gin-based ready-to-drink cocktails. Jonathan Davies, Alexander Metviner, Fernando J Alva Miras, and Geoff Shafer founded AKA Spirits in May 2018. The current crowdfunding round has a minimum raise of $10,000 and a maximum raise of $1,070,000, and the funds will be used to launch a DTC e-commerce platform. AKA Spirits has 500 points of sale in Connecticut and Rhode Island and generated $87,500 in sales in its first year on the market.

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Investment Overview

Invested this round: $106,792

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
06/15/2021
Close Date
12/13/2021
Min. Goal
$10,000
Max Goal
$1,070,000
Min. Investment

$250

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$50.00

Pre-Money Valuation

$6,614,700

Company & Team

Company

Year Founded
2018
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
High
Location
Weston, Connecticut
Business Type
Life Style
Company Website
Visit Website

Team

Employees
7
Prior Founder Exits?
No
Founder Name
Geoff Shafer
Title
Marketing Director
Founder Name
Fernando J Alva Mirás
Title
Sales Director
Founder Name
Alexander Metviner
Title
Strategic Development
Founder Name
Jonathan Davies
Title
President

Financials

 Revenue
$83,950
 Monthly Burn
$8,643
 Runway
3.7 months
Gross Margin
56%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$83,950

$0

COGS

$36,528

$0

Tax

$0

$0

 

 

Net Income

$-103,714

$-26,937

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$31,788

$3,198

Accounts Receivable

$4,521

$0

Total Assets

$118,372

$32,563

Short-Term Debt

$3,984

$0

Long-Term Debt

$114,389

$32,653

Total Liabilities

$118,372

$32,653

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
12/13/2021 StartEngine $6,614,700 $106,792 Equity - Common Funded RegCF
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AKA Spirits on StartEngine 2021
Platform: StartEngine
Security Type: Equity - Common
Valuation: $6,614,700
Price per Share: $50.00

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