Inspired by Spirits
About this raise
Inspired by Spirits, an apothecary and tasting lounge in Pennsylvania, is raising funds on Honeycomb. The business has started with its Dr. Tumblety’s Time Inspired Speciality Shop in Phase 01. The shop sells oils & elixirs, hats & fragrances, vintage goods, spiritual charms, apothecary products, and tonics & trinkets. Jesse Made and Mike Miles founded Inspired by Spirits in April 2019. The current crowdfunding round has a minimum target of $30,000 and a maximum target of $150,000, and the funds will be used towards lounge furniture and buildout, distillery furniture and buildout, marketing, operations, and licenses. Inspired by Spirits plans to open The Storyville Lounge in the second phase and The Spirits Distillery in the third phase.
Investment Overview
Invested : $69,050
Deal Terms
Total Commitments
- Platform
- Honeycomb
- Start Date
- 03/04/2021
- Close Date
- 04/20/2021
$30,000
$150,000
$100
Debt
Pre-Seed
RegCF
Company & Team
Company
- Year Founded
- 2019
- Industry
- Retail Shops & Department Stores
- Tech Sector
- Distribution Model
- B2C
- Margin
- Medium
- Capital Intensity
- High
Financials
- Revenue +102% YoY
- $32,364
- Monthly Burn
- $1,187
-
Runway
- 2.3 months
- Gross Margin
- 69%
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Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 04/20/2021 | Honeycomb | - | $69,050 | Debt | Funded | RegCF |
