Drifter Spirits- Avua Cachaca (2018)

Drifter Spirits- Avua Cachaca (2018)

Closed: May. 2018

About this raise

Drifter Spirits- Avua Cachaca is raising funds on Wefunder. The company functions to use its key relationships with national distributors and top bars, restaurants, and hotels to market spirits. Avua Cachaca is the beloved spirit of Brazil and a leading brand marketed by Drifter Spirits. The other brands in the portfolio of Drifter Spirits include the Scandinavian botanical spirit Svol Aquavit and the Italian liquor range Gagliardo Bitter. Peter Nevenglosky and Nathan Whitehouse founded Drifter Spirits- Avua Cachaca in March 2011. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $500,000. The campaign proceeds will be used for working capital, inventory, and hiring.

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Investment Overview

Funding data not publicly available

Deal Terms

Platform
Wefunder
Start Date
06/08/2017
Close Date
05/05/2018
Min. Goal
$50,000
Max Goal
$500,000
Min. Investment

$100

Security Type

Revenue Share

SEC Filing Type

RegCF    Open SEC Filing

Return Multiple

2.00X

Company & Team

Company

Year Founded
2011
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Location
Brooklyn, New York
Company Website
Visit Website

Team

Funding data not publicly available

Financials

Financials are not currently available for this company. This may occur if the company is still Testing the Waters, is a Regulation D offering, or if the financials are still under review and being confirmed by our team. For Reg CF and Reg A+ raises, please check back later.

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
09/30/2020 Wefunder $5,470,000 $120,085 Convertible Note Funded RegCF
05/05/2018 Wefunder - - Revenue Share 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.

Employee History

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Drifter Spirits- Avua Cachaca on Wefunder 2017
Platform: Wefunder
Security Type: Revenue Share

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