Geijer Spirits

Geijer Spirits

Closed: Oct. 2020

About this raise

Geijer Spirits, with a valuation cap of $5.75 million, is raising crowdfunding on Wefunder. The company makes award-winning craft spirits and niche products for mixology and cocktailing. Geijer Spirits currently has seven products under the California brand, including Glogg, Falernum, Fernet, Aqua Vitae, Spiced Liqueur, Orange Liqueur, and upcoming Amaro. Geijer Spirits was founded by Martin Geijer in 2011. The current crowdfunding round has a minimum raise of $175,000 and a maximum raise of $250,000, and the funds will be used for direct sales activities. Geijer Spirits has secured a National distribution partnership with Vision Wine & Spirits and sells in 16 states. The company has been voted among Top Ten Craft Specialty Distillery in 2018 and 2019.

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Investment Overview

Not Funded: $24,649

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
08/07/2020
Close Date
10/30/2020
Min. Goal
$175,000
Max Goal
$250,000
Min. Investment

$100

Security Type

Convertible Note

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$5,750,000

Discount

20%

Company & Team

Company

Year Founded
2011
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
Location
San Francisco, California
Business Type
Life Style
Company Website
Visit Website

Team

Employees
9
Founder Name
Martin Geijer
Title
CEO

Financials

 Revenue +58% YoY
$91,077
 Monthly Burn
$3,363
 Runway
2.8 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$91,077

$50,822

COGS

$97,991

$47,073

Tax

$-877

$-872

 

 

Net Income

$-40,357

$-23,979

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$9,335

$5,579

Accounts Receivable

$5,693

$7,044

Total Assets

$205,649

$99,741

Short-Term Debt

$19,926

$10,204

Long-Term Debt

$17,364

$16,538

Total Liabilities

$37,290

$26,742

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
10/30/2020 Wefunder $5,750,000 $24,649 Convertible Note Not Funded RegCF
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Geijer Spirits on Wefunder
Platform: Wefunder
Security Type: Convertible Note
Valuation: $5,750,000

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