Boone’s Bourbon (2023)

Boone’s Bourbon (2023)

About this raise

Boone’s Bourbon, with a valuation of $12.21 million, is raising funds on StartEngine. It is an award-winning bourbon label that makes real American homegrown bourbon whiskey. The bourbon of Boone’s Bourbon has a sweet and smoky flavor and is distilled with corn, rye, and barley. The brand has grown from a homegrown to a national brand and has loyal consumers across the country. Tyler Boone founded Boone’s Bourbon in March 2022. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1,070,000. The campaign proceeds will be used for marketing, company employment, inventory, research and development, operations and working capital.

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Investment Overview

Invested this round: $54,582

Deal Terms

Total Commitments

Platform
StartEngine
Start Date
12/23/2022
Close Date
02/21/2023
Min. Goal
$10,000
Max Goal
$406,188
Min. Investment

$100

Security Type

Equity - Common

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.00

Pre-Money Valuation

$12,210,000

Company & Team

Company

Year Founded
2022
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Location
Charleston, South Carolina
Business Type
Growth
Company Website
Visit Website

Team

Employees
3
Prior Founder Exits?
No
Founder Name
Mike Boone
Title
COO, Director of Operations
Founder Name
Tyler Boone
Title
CEO, Director, President

Financials

 Revenue
$32,329
as of FY2021
 Monthly Burn
$4,657
as of FY2021
 Runway
0 months
as of FY2021

Summary Profit and Loss Statement

FY 2021 FY 2020

Revenue

$32,329

$13,033

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-55,878

$7,206

Summary Balance Sheet

FY 2021 FY 2020

Cash

$11

$3,513

Accounts Receivable

$2,823

$5,214

Total Assets

$2,835

$8,727

Short-Term Debt

$49,986

$0

Long-Term Debt

$0

$0

Total Liabilities

$49,986

$0

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$209,366
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
02/21/2023 StartEngine $12,210,000 $54,582 Equity - Common Funded RegCF
10/18/2022 StartEngine $12,000,000 $209,366 Equity - Common Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Boone’s Bourbon on Wefunder 12/2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $12,210,000
Price per Share: $2.00

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Follow Boone’s Bourbon on Wefunder 12/2022

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Warning: according to the close date for this deal, Boone’s Bourbon may no longer be accepting investments.

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