Copperworks Distilling Company

Copperworks Distilling Company

Early Stage

Award-Winning Craft Distillery Expanding in the Seattle Area

Award-Winning Craft Distillery Expanding in the Seattle Area

Overview

Raised this Round: Raised: $295,837

Total Commitments ($USD)

Platform

StartEngine

Start Date

06/17/2024

Close Date

09/16/2024

Min. Goal
$9,999
Max. Goal
$618,000
Min. Investment

$250

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.68

Pre-Money Valuation

$18,649,559

Year Founded

2011

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Location

Seattle, Washington

Business Type

Growth

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.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$905,535

$1,030,662

COGS

$505,380

$642,592

Tax

$0

$0

 

 

Net Income

$-932,337

$-578,752

Summary Balance Sheet

FY 2023 FY 2022

Cash

$1,544

$104,391

Accounts Receivable

$22,308

$76,067

Total Assets

$8,317,317

$9,131,588

Short-Term Debt

$1,217,928

$2,062,643

Long-Term Debt

$5,681,188

$5,321,949

Total Liabilities

$6,899,116

$7,384,592

Financials as of: 06/17/2024
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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 $295,837 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 2024
Platform: StartEngine
Security Type: Equity - Common
Valuation: $18,649,559
Price per Share: $0.68

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