Bombarda Rum

Bombarda Rum

Closed: Apr. 2023

About this raise

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.

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Investment Overview

Invested this round: $51,319

Deal Terms

Total Commitments

Platform
StartEngine
Start Date
01/19/2023
Close Date
04/20/2023
Min. Goal
$9,997
Max Goal
$1,234,997
Min. Investment

$249

Security Type

Equity - Common

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$3.23

Pre-Money Valuation

$10,013,000

Company & Team

Company

Year Founded
2020
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Location
Miami, Florida
Business Type
Growth
Company Website
Visit Website

Team

Employees
7
Prior Founder Exits?
No
Founder Name
James Papagno
Title
CEO

Financials

 Revenue
$384,002
as of FY2021
 Monthly Burn
$11,735
as of FY2021
 Runway
4.7 months
as of FY2021
 Gross Margin
33%
as of FY2021

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

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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
04/20/2023 StartEngine $10,013,000 $51,319 Equity - Common Funded RegCF
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Add to portfolio
Bombarda Rum on StartEngine 2023
Platform: StartEngine
Security Type: Equity - Common
Valuation: $10,013,000
Price per Share: $3.23

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Follow Bombarda Rum on StartEngine 2023

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

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