Lit Vodka
Early Stage
LIT: Live In Today
Overview
Raised: $305,063
Total Commitments ($USD)
Platform
StartEngine
Start Date
10/02/2023
Close Date
01/01/2024
Min. Goal
$15,000
Max. Goal
$4,999,992
Min. Investment
$249
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$3.00
Pre-Money Valuation
$21,000,003
Rolling Commitments ($USD)
Status
Funded
Reporting Date
01/30/2024
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$3,390
# of Investors
171
Momentum
Funded
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Year Founded
2018
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
Lit Vodka, with a valuation of $21 million, is raising funds on StartEngine. The company makes ultra-premium vodka that delivers luxury and excitement through its brand. Lit Vodka is American craft-made and perfected using a carbon-filtration process and distilled ten times for purity. The business has recorded exceptional sales since its launch with branding activities at concerts, sports venues, and league sports teams and has distribution in place with Tennessee Crown, Georgia Crown, and Lippman Brothers. Trinidad Villegas founded Lit Vodka in April 2018. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $5 million. The campaign proceeds will be used for working capital, marketing, and operations.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$75,228 |
$72,335 |
|
COGS |
$23,998 |
$50,783 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-222,363 |
$-199,029 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$21,048 |
$16,347 |
|
Accounts Receivable |
$0 |
$6,847 |
|
Total Assets |
$497,692 |
$500,596 |
|
Short-Term Debt |
$497,692 |
$500,596 |
|
Long-Term Debt |
$87,769 |
$86,192 |
|
Total Liabilities |
$585,461 |
$586,788 |
Financials as of: 10/02/2023
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