Copperworks Distilling Company (2021)

About this raise

Copperworks Distilling Company, with a valuation of $11.7 million, is raising funds on StartEngine. The company produces gin, vodka, and American Single Malt whiskey from the base of malted barley. Copperworks Distilling sells both through its retail store and distribution to restaurants, bars, grocery stores, and liquor stores. The business has also won several national and international awards and was named the Distillery of the Year 2018 by the American Distilling Institute. Jason Parker and Micah Nutt founded Copperworks Distilling in 2011. The current crowdfunding campaign has a minimum target of $9,999.51 and a maximum target of $4,999,999.86. The campaign proceeds will be used for expansion to two new locations and growth in production and revenue.

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Investment Overview

Invested this round: $2,016,375

Deal Terms

Total Commitments

Platform
StartEngine
Start Date
09/06/2021
Close Date
12/31/2021
Min. Goal
$10,000
Max Goal
$5,000,000
Min. Investment

$250

Security Type

Equity - Common

Company Stage

Growth Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.53

Pre-Money Valuation

$11,723,916

Company & Team

Company

Year Founded
2011
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Location
Seattle, Washington
Business Type
Life Style
Company Website
Visit Website

Team

Employees
6
Prior Founder Exits?
No
Founder Name
Jeff Kanof
Title
Vice President
Founder Name
Jason Parker
Title
Co-Owner and President
Founder Name
Micah Nutt
Title
Distiller

Financials

 Revenue +14% YoY
$1,026,360
 Monthly Burn
$30,119
 Runway
0.2 months
 Gross Margin
33%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$1,026,360

$895,182

COGS

$691,142

$434,965

Tax

$0

$0

 

 

Net Income

$-361,425

$3,474

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$7,525

$40,581

Accounts Receivable

$22,246

$29,477

Total Assets

$2,653,129

$2,398,033

Short-Term Debt

$169,268

$295,088

Long-Term Debt

$1,703,806

$1,680,171

Total Liabilities

$1,873,074

$1,975,259

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
11/18/2024 StartEngine $18,649,559 $498,449 Equity - Common Funded RegCF
07/28/2023 StartEngine $15,618,092 $617,918 Equity - Common Funded RegCF
12/31/2021 StartEngine $11,723,916 $2,016,375 Equity - Common Funded RegCF
04/29/2020 Wefunder $7,850,052 $760,208 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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Copperworks Distilling Company on StartEngine 2021
Platform: StartEngine
Security Type: Equity - Common
Valuation: $11,723,916
Price per Share: $0.53

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Warning: according to the close date for this deal, Copperworks Distilling Company may no longer be accepting investments.

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