Howie’s Spiked
About this raise
Howie’s Spiked, with a valuation of $37 million, is raising funds on Wefunder. The company makes unique ready-to-drink cocktails that combine coffee and alcohol. Howie’s Spiked’s coffee beverages are spiked with premium spirits or sugar brews and are crafted with natural ingredients. The business distributes to over 20 states and projects to sell 1.5 million cans of coffee beverages by the end of 2024. Lawrence M. Trachtenbroit and Gregory Howard founded Howie’s Spiked in February 2023. The current crowdfunding campaign has a minimum target of $49,999.95 and a maximum target of $500,000. The campaign proceeds will be used for operational costs, marketing and advertising, product research and development, and general working capital.
Investment Overview
Invested : $64,850
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 11/28/2024
- Close Date
- 05/01/2025
$50,000
$500,000
$350
Equity - Common
Growth Stage
RegCF
$0.38
$34,085,595
$37,007,217
Company & Team
Company
- Year Founded
- 2023
- Industry
- Alcohol, Tobacco, & Recreational Drugs
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Low
- Capital Intensity
- Low
Financials
- Revenue +28% YoY
-
$1,087,734
as of FY2023
- Monthly Burn
-
$156,500
as of Nov '24
-
Runway
-
0.7 months
as of Nov '24
- Gross Margin
-
25%
as of FY2023
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $5,216,109
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 05/01/2025 | Wefunder | $37,007,217 | $64,850 | Equity - Common | Funded | RegCF |