Copperworks Distilling Company (2024)
About this raise
Copperworks Distilling Company, with a valuation of $18.65 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 opened a new tasting room and cocktail bar in October 2023 and has won several national and international awards. Jason Parker and Micah Nutt founded Copperworks Distilling Company in January 2011. The current crowdfunding campaign has a minimum target of $9,999.40 and a maximum target of $618,000. The campaign proceeds will be used for marketing, debt repayment, operations, and capital expenditures.
Investment Overview
Invested : $498,449
Deal Terms
Total Commitments
- Platform
- StartEngine
- Start Date
- 06/18/2024
- Close Date
- 11/18/2024
$9,999
$618,000
$250
Equity - Common
Early Stage
RegCF
$0.68
$18,649,559
Company & Team
Company
- Year Founded
- 2011
- Industry
- Alcohol, Tobacco, & Recreational Drugs
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Medium
- Capital Intensity
- High
Financials
- Revenue -12.1% YoY
-
$905,535
as of FY2023
- Monthly Burn
-
$60,000
as of Jun '24
-
Runway
-
3.3 months
as of Jun '24
- Gross Margin
-
44%
as of FY2023
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $3,371,536
- VC Backed?
- No
| 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 |
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.