IZO Spirits
Early Stage
Premium Mezcal, Tequila, Sotol, Bacanora
Overview
Raised: $328,604
Total Commitments ($USD)
Platform
StartEngine
Start Date
08/12/2021
Close Date
02/09/2022
Min. Goal
$10,000
Max. Goal
$1,070,000
Min. Investment
$250
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$1.25
Pre-Money Valuation
$25,000,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
02/27/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,826
# of Investors
95
Momentum
Funded
Create a free account today to gain access to KingsCrowd analytics.
Year Founded
2020
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
IZO Spirits, with a valuation of $25 million, is raising funds on StartEngine. The business offers a full line of premium Mexican spirits, including Tequila, Bacanora, Sotol, and types of Mezcal. The spirits of IZO Spirits are traditional, handcrafted, and sustainably produced. IZO Spirits are already sold in Arizona, California, Delaware, Nevada, Illinois, New Jersey, New York, and Pennsylvania and earned several awards. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1,070,000. The campaign proceeds will be used to move to a new distillation facility and expand its capacity to meet the growing demand.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$105,738 |
$45,711 |
|
COGS |
$86,730 |
$22,042 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-356,737 |
$-370,107 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$15,336 |
$6,432 |
|
Accounts Receivable |
$68,623 |
$3,561 |
|
Total Assets |
$196,601 |
$11,743 |
|
Short-Term Debt |
$93,849 |
$254 |
|
Long-Term Debt |
$457,000 |
$509,000 |
|
Total Liabilities |
$550,849 |
$509,254 |
Financials as of: 08/12/2021
Create a free account today to gain access to KingsCrowd analytics.
Upgrade to gain access
Pay Monthly
Annually (Save 17%)
-
$25 /month
billed annually - Free portfolio tracking, data-driven ratings, AI analysis and reports
- Plan Includes:
- Everything in Free, plus
- Company specific
KingsCrowd ratings and analyst reports
- Deal explorer and side-by-side comparison
- Startup exit and failure tracking
- Startup market filters and historical industry data
- Advanced company search ( with ratings)
- Get Edge Annual
Edge
Already a member? Log in here.
Ratings 
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.