Aristotle Spirits

Aristotle Spirits

Closed: Nov. 2022

About this raise

Aristotle Spirits, with a valuation of $4 million, is raising funds on Wefunder. The business makes small-batch craft spirits using a combination of passion and scientific precision. The craft spirit products of Aristotle Spirits are distilled in Garner, North Carolina, and sourced from local products. Aristotle Spirits has a loyal customer base and has recently won two gold medals at San Francisco World Spirits Competition. Jake Howland founded Aristotle Spirits in June 2019. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $250,000. The campaign proceeds will be used for marketing, raw materials, equipment, building improvements, whiskey barrels, and working capital.

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Investment Overview

Invested this round: $74,200

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
05/23/2022
Close Date
11/30/2022
Min. Goal
$50,000
Max Goal
$250,000
Min. Investment

$100

Security Type

Convertible Note

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$4,000,000

Discount

20%

Company & Team

Company

Year Founded
2019
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
Location
Garner, North Carolina
Business Type
Life Style
Company Website
Visit Website

Team

Employees
3
Prior Founder Exits?
No
Founder Name
Jake Howland
Title
CEO

Financials

 Revenue
$100,775
 Monthly Burn
$17,163
 Runway
3.8 months
 Gross Margin
73%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$100,775

$358

COGS

$27,445

$0

Tax

$16,087

$2,772

 

 

Net Income

$-205,952

$-122,068

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$65,601

$21,719

Accounts Receivable

$3,498

$0

Total Assets

$486,932

$275,752

Short-Term Debt

$87,144

$951

Long-Term Debt

$508,583

$236,176

Total Liabilities

$595,728

$237,127

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$226,271
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
11/30/2022 Wefunder $4,000,000 $74,200 Convertible Note Funded RegCF
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Add to portfolio
Aristotle Spirits on Wefunder 2022
Platform: Wefunder
Security Type: Convertible Note
Valuation: $4,000,000

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Warning: according to the close date for this deal, Aristotle Spirits may no longer be accepting investments.

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