Lit Vodka
About this raise
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.
Investment Overview
Invested $305,063 :
Deal Terms
Company & Team
Company
- Year Founded
- 2018
- Industry
- Alcohol, Tobacco, & Recreational Drugs
- Tech Sector
- Distribution Model
- B2B2C
- Margin
- High
- Capital Intensity
- Low
Financials
- Revenue +4% YoY
-
$75,228
as of FY2022
- Monthly Burn
-
$18,530
as of FY2022
-
Runway
-
1.1 months
as of FY2022
- Gross Margin
-
68%
as of FY2022
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $0
- VC Backed?
- No
Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
---|---|---|---|---|---|---|
01/01/2024 | StartEngine | $21,000,003 | $305,063 | Equity - Common | Funded | RegCF |