Big Spring Spirits
About this raise: Big Spring Spirits is raising funds on Honeycomb. The business is known for crafting fine spirits and blending retail and wholesale operations in Bellefonte, Pennsylvania. Big Spring Spirits’ tasting room offers craft cocktails, bottle sales, and food options while its wholesale operations expand beyond Pennsylvania. The wholesale business of Big Spring Spirits has reported a 47% growth annually over the past three years and plans to expand further. Kevin Lloyd founded Big Spring Spirits in October 2021. The current crowdfunding campaign has a minimum target of $60,000 and a maximum target of $124,000. The campaign proceeds will be used towards working capital for raw materials and labor and the opening of a distillery at the South Shore.
Investment Overview
Not Funded: $10,010
Deal Terms
Total Commitments ($USD)
- Platform
- Honeycomb
- Start Date
- 06/28/2024
- Close Date
- 08/11/2024
$60,000
$124,000
$100
Equity - Common
Pre-Seed
RegCF
$390.00
$44,640,000
Company & Team
Company
- Year Founded
- 2021
- Industry
- Alcohol, Tobacco, & Recreational Drugs
- Tech Sector
- Distribution Model
- B2C
- Margin
- High
- Capital Intensity
- Low
Financials
- Revenue -2.5% YoY
- $3,857,048
- Monthly Burn
- $34,937
-
Runway
- 12.2 months
- Gross Margin
- 70%
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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 |
|---|---|---|---|---|---|---|
| 08/11/2024 | Honeycomb | $44,640,000 | $10,010 | Equity - Common | Not Funded | RegCF |