Bombarda Rum
Early Stage
A revolutionary rum disrupting one of the oldest spirit categories, crafted the way rum should be!
Overview
Raised: $51,319
Total Commitments ($USD)
Platform
StartEngine
Start Date
01/18/2023
Close Date
04/20/2023
Min. Goal
$9,997
Max. Goal
$1,234,997
Min. Investment
$249
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$3.23
Pre-Money Valuation
$10,013,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/29/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$564
# of Investors
57
Momentum
Funded
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Year Founded
2020
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Bombarda Rum, with a valuation of $10.01 million, is raising funds on StartEngine. The company makes and sells an exquisite portfolio of blended premium rums in a bottle. The premium rum of Bombarda Rum is created by mixing up to five different types of dark and gold rums of various ages and is sourced from the Caribbean and Latin American distilleries. Bombarda Rum currently produces all its rum in the Netherlands and plans to expand its sales into Europe in 2023-2024. James Papagno founded Bombarda Rum in April 2020. The current crowdfunding campaign has a minimum target of $9,996.85 and a maximum target of $1.23 million. The campaign proceeds will be used for marketing, inventory, operations, company employment, and working capital.
Summary Profit and Loss Statement
| FY 2021 | FY 2020 | |
|---|---|---|
|
Revenue |
$384,002 |
$0 |
|
COGS |
$257,268 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-140,814 |
$-135,264 |
Summary Balance Sheet
| FY 2021 | FY 2020 | |
|---|---|---|
|
Cash |
$54,839 |
$13,661 |
|
Accounts Receivable |
$43,867 |
$0 |
|
Total Assets |
$474,471 |
$119,827 |
|
Short-Term Debt |
$592,799 |
$2,070 |
|
Long-Term Debt |
$0 |
$294,122 |
|
Total Liabilities |
$592,799 |
$296,192 |
Financials as of: 01/18/2023
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