Damn Right Cocktails
About this raise: Damn Right Cocktails, with a valuation of $3 million, is raising funds on NetCapital. The company makes USDA-certified and organic de Agave Tequila ready-to-drink cocktails. The cocktails are made using real tequila and other natural and organic ingredients in flavors, including Devil of a Lime and Son of a Basil. Damn Right Cocktails sells through retailers like Costco, Liquor N’ More, and Liquor Depot and has sold more than 3,100 cases since its launch. Gabby Fitzpatrick founded Damn Right Cocktails in October 2020. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $255,000. The campaign proceeds will be used for the production and cost of goods, shipping and warehousing, marketing and advertising, distributor fees, incentive programs, and market visits.
Investment Overview
Invested : $14,443
Deal Terms
Total Commitments ($USD)
- Platform
- Netcapital
- Start Date
- 05/10/2023
- Close Date
- 10/31/2023
$10,000
$255,000
$100
Equity - Common
Pre-Seed
RegCF
$0.30
$3,000,000
Company & Team
Company
- Year Founded
- 2020
- Industry
- Alcohol, Tobacco, & Recreational Drugs
- Tech Sector
- Distribution Model
- B2B2C
- Margin
- Low
- Capital Intensity
- Low
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $0
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 10/31/2023 | Netcapital | $3,000,000 | $14,443 | Equity - Common | Funded | RegCF |