Copperworks Distilling Company

Copperworks Distilling Company

Growth Stage

Award-Winning Craft Distillery Expanding in the Seattle Area

Award-Winning Craft Distillery Expanding in the Seattle Area

Overview

Raised this Round: Raised: $617,918

Total Commitments ($USD)

Platform

StartEngine

Start Date

03/26/2023

Close Date

07/28/2023

Min. Goal
$10,000
Max. Goal
$618,000
Min. Investment

$250

Security Type

Equity - Common

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.60

Pre-Money Valuation

$15,618,092

Year Founded

2011

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Location

Seattle, Washington

Business Type

Growth

Copperworks Distilling Company, with a valuation of $15.6 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 has expanded its production by opening two new locations. Jason Parker and Micah Nutt founded Copperworks Distilling in 2011. The current crowdfunding campaign has a minimum target of $9,999.60 and a maximum target of $618,000. The campaign proceeds will be used for marketing, operations, and working capital.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$1,030,662

$846,090

COGS

$642,592

$471,000

Tax

$0

$0

 

 

Net Income

$-601,608

$630

Summary Balance Sheet

FY 2022 FY 2021

Cash

$104,390

$1,012,605

Accounts Receivable

$76,067

$84,725

Total Assets

$9,125,362

$3,711,026

Short-Term Debt

$2,161,529

$229,114

Long-Term Debt

$5,221,204

$1,663,565

Total Liabilities

$7,382,733

$1,892,679

Financials as of: 03/26/2023
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Copperworks Distilling Company 09/15/2024 StartEngine $18,649,559 $302,566 Equity - Common Active RegCF
Copperworks Distilling Company 07/27/2023 StartEngine $15,618,092 $617,918 Equity - Common Funded RegCF
Copperworks Distilling Company 12/30/2021 StartEngine $11,723,916 $2,016,375 Equity - Common Funded RegCF
Copperworks Distilling Company 04/28/2020 Wefunder $7,850,052 $760,208 Equity - Common Funded RegCF
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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 2023
Platform: StartEngine
Security Type: Equity - Common
Valuation: $15,618,092
Price per Share: $0.60

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