Gate 11 Distillery
About this raise
Gate 11 Distillery, with a valuation of $2.5 million, is raising funds on Wefunder. It is an award-winning Chattanooga distillery that makes craft spirits for craft cocktails. Gate 11 Distillery’s offerings include vodka, rum, gin, absinthe, and agave, and will use the proceeds to increase the production of rye, bourbon, and single malt whiskeys. The business has won several awards, was nominated Best New Craft Distillery by USA Today, and has been featured often in Chattanooga Times Free Press. William Allen Lee founded Gate 11 Distillery in November 2017. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $300,000. The campaign proceeds will be used for distillery equipment, promotions and PR, marketing assets, sales staff, influencers, and other activations.
Investment Overview
Committed : $65,400
Deal Terms
Total Commitments ($USD)
- Platform
- Wefunder
- Start Date
- 01/22/2025
- Close Date
- 04/23/2025
$50,000
$300,000
$100
SAFE
Seed
RegCF
$2,250,000
$2,500,000
20%
Company & Team
Company
- Year Founded
- 2017
- Industry
- Alcohol, Tobacco, & Recreational Drugs
- Tech Sector
- Distribution Model
- B2C
- Margin
- High
- Capital Intensity
- Low
Financials
- Revenue -0.2% YoY
- $524,964
- Monthly Burn
- $10,178
-
Runway
- 2.3 months
- Gross Margin
- 78%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $405,556
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 04/23/2025 | Wefunder | $2,500,000 | $65,400 | SAFE | Active | RegCF |