About this raise

Chareau, with a pre-money valuation of $12 million, is raising funds on StartEngine. The company has crafted an all-natural liqueur made by combining aloe, cucumber, spearmint, lemon peel, and muskmelon. It is the first-of-its-kind liqueur for modern customers, made from the highest quality ingredients and without any artificial colors and flavors. Chareau was founded by Kurt Charron in 2019. The current round of crowdfunding has a minimum target of $9,996.75 and a maximum target of $249,999.75, and the funds will be used to grow the domestic market share. Chareau is currently operating at 65% margins and expects the margins to reach 70% by 2022. The company has generated $3.45 million in lifetime revenue, with $1 million in 2019 alone.

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Investment Overview

Invested this round: $249,885

Deal Terms

Total Commitments

Platform
StartEngine
Start Date
06/29/2020
Close Date
11/23/2020
Min. Goal
$9,997
Max Goal
$250,000
Min. Investment

$243

Security Type

Equity - Common

Company Stage

Growth Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$6.75

Pre-Money Valuation

$12,002,796

Company & Team

Company

Year Founded
2019
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
High
Location
Camarillo, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
4
Founder Name
Kurt Charron
Title
CEO and Distiller

Financials

 Revenue +89% YoY
$1,071,265
 Monthly Burn
$66,938
 Cash on Hand
$0
 Gross Margin
55%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$1,071,265

$924,007

COGS

$480,374

$212,427

Tax

$27,895

$23,149

 

 

Net Income

$-803,255

$-829,767

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$-34,240

$-70,670

Accounts Receivable

$58,232

$40,126

Total Assets

$422,257

$531,898

Short-Term Debt

$293,911

$90,201

Long-Term Debt

$981,370

$1,835,749

Total Liabilities

$1,275,281

$1,925,950

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
02/19/2025 StartEngine $16,308,025 $101,909 Equity - Common Funded RegCF
11/23/2020 StartEngine $12,002,796 $249,885 Equity - Common Funded RegCF
03/28/2019 Wefunder $6,510,000 $518,214 Equity - Common Funded RegCF
05/01/2017 Wefunder $5,000,000 $390,782 Convertible Note 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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Chareau on StartEngine
Platform: StartEngine
Security Type: Equity - Common
Valuation: $12,002,796
Price per Share: $6.75

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