Cape Cod'r

Cape Cod'r

Open  for investment

About this raise: Cape Cod’r, with a valuation of $6 million, is raising funds on StartEngine. It is a craft cocktail brand that offers lightly carbonated and refreshing drinks. Cape Cod’r is inspired by the essence of Cape Cod and captures the nostalgic feeling of summers on the Cape. The drinks are gluten-free, contain 100 calories and 4.5% ABV, and are sold in three states through partnerships with major brands like Rhode Island Football Club and Cape Cod Chips. Will Patch and Kevin O’Leary founded Cape Cod’r in June 2021. The current crowdfunding campaign has a minimum target of $124,000 and a maximum target of $1.24 million. The campaign proceeds will be used for company employment, inventory, research and development, and working capital.

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Investment Overview

Committed this round: $35,743

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
01/07/2025
Close Date
04/07/2025
Min. Goal
$124,000
Max. Goal
$1,235,000
Min. Investment

$500

Security Type

Convertible Note

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$6,000,000

Discount

20%

Company & Team

Company

Year Founded
2021
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
Low
Location
Boston, Massachusetts
Business Type
Growth
Company Website
Visit Website

Team

Employees
10
Prior Founder Exits?
No
Founder Name
Will Patch
Title
President & CEO
Founder Name
Kevin O'Leary
Title
CMO & COO

Financials

as of September 1, 2024
 Revenue +67% YoY
$333,585
 Monthly Burn
$45,000
 Runway
0.8 months
Gross Margin
15%

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$333,585

$199,913

COGS

$282,698

$109,233

Tax

$0

$0

 

 

Net Income

$-885,671

$-355,434

Summary Balance Sheet

FY 2023 FY 2022

Cash

$333,648

$16,807

Accounts Receivable

$19,344

$0

Total Assets

$591,772

$167,600

Short-Term Debt

$107,331

$29,098

Long-Term Debt

$0

$0

Total Liabilities

$107,331

$29,098

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$2,036,725
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/07/2025 StartEngine $6,000,000 $35,743 Convertible Note Active RegCF
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Add to portfolio
Cape Cod’r on StartEngine 2025
Platform: StartEngine
Security Type: Convertible Note
Valuation: $6,000,000

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Follow Cape Cod’r on StartEngine 2025

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