Cleveland Whiskey (2025)

About this raise

Cleveland Whiskey, with a valuation of $43.22 million, is raising funds on Wefunder. It is a technology and innovation company disguised as a whiskey company. Cleveland Whiskey makes award-winning whiskeys and has sold more than 1 million bottles through 3,100 retail outlets in 20 states and global markets. The business has a loyal customer base and has grown by 512% in valuation since 2016. Tom Lix founded Cleveland Whiskey in July 2009. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $5 million. The campaign proceeds will be used for production expansion, technology improvement, repairs, infrastructure, marketing and sales, and operating capital.

Investment Overview

Committed this round: $214,842

Deal Terms
Company & Team

Total Commitments

Platform: Wefunder
Start Date: 04/08/2025
Close Date: 04/30/2025

Min. Goal
$50,000

Max Goal
$5,000,000

Min. Investment

$100

Security Type

Equity - Common

Company Stage

Growth Stage

SEC Filing Type

RegCF

Price Per Share

$9.26

Early Bird Valuation

$38,877,801

Pre-Money Valuation

$43,218,300

Company

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

Team

Employees: 8
Prior Founder Exits?: No

Founder Name: Tom Lix
Title: CEO

Financials

Revenue -26.1% YoY: $2,570,934
as of FY2023
Monthly Burn: $10,000
as of Mar '25
Runway: 11.6 months
as of Mar '25
Gross Margin: 31%
as of FY2023

View Detailed Financials

Summary Profit and Loss Statement

	FY 2023	FY 2022
Revenue	$2,570,934	$3,477,861
COGS	$1,779,571	$1,363,761
Tax	$0	$0


Net Income	$-1,499,836	$205,464

Summary Balance Sheet

	FY 2023	FY 2022
Cash	$208,131	$382,319
Accounts Receivable	$294,641	$425,897
Total Assets	$8,115,509	$4,283,762
Short-Term Debt	$3,012,254	$624,832
Long-Term Debt	$4,874,011	$1,944,725
Total Liabilities	$7,886,265	$2,569,557

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Ratings

Total Prior Capital Raised: $2,980,246
Grants: $25,000
VC Backed?: No

Offering Name	Close Date	Platform	Valuation	Total Raised	Security Type	Status	Reg Type
Cleveland Whiskey	04/30/2025	Wefunder	$43,218,300	$214,842	Equity - Common	Active	RegCF
Cleveland Whiskey Bond	03/01/2021	Wefunder	-	$1,070,000	Debt	Funded	RegCF

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Revenue
Valuation
Price per Share
Employees

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

View on Wefunder

Common Stock, $43.2M •

Closing Apr 30

2 Following

Add to Portfolio

5 Invested

Deal Considerations

Key Challenges
- No key challenges found
2
Other Risks
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Cleveland Whiskey (2025)

Cleveland Whiskey (2025)

About this raise