Island Company Rum
About this raise
Island Company Rum, with a valuation of $20 million, is raising funds on Wefunder. The company makes luxury rum that appeals to health-conscious escapists. Island Company Rum is a 60-calorie rum with zero sugar, carbs, and gluten and has won many significant awards globally. The business has rapidly grown into 35 states through Reserve Bar, Total Wine, Caskers, and UberEats, and reported a 700% growth from 2022 to 2023. Spencer Antle founded Island Company Rum in January 2019. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.24 million. The campaign proceeds will be used for marketing and advertising, cost of goods, operations, and overheads.
Investment Overview
Committed : $61,601
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 04/21/2025
- Close Date
- 12/31/2025
$50,000
$1,235,000
$100
SAFE
Early Stage
RegCF
$18,000,000
$20,000,000
5%
Company & Team
Company
- Year Founded
- 2019
- Industry
- Alcohol, Tobacco, & Recreational Drugs
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Low
- Capital Intensity
- Low
Financials
- Revenue +62% YoY
-
$92,268
as of Mar '25
- Monthly Burn
-
$146,000
as of Mar '25
-
Runway
-
0.3 months
as of Mar '25
- Gross Margin
-
26%
as of FY2024
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $600,000
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 12/31/2025 | Wefunder | $20,000,000 | $61,601 | SAFE | Active | RegCF |