Lit Vodka

Lit Vodka

Closed: Dec. 2023

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.

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Investment Overview

Invested this round: $305,063

Deal Terms

Total Commitments

Platform
StartEngine
Start Date
10/03/2023
Close Date
01/01/2024
Min. Goal
$15,000
Max Goal
$4,999,992
Min. Investment

$249

Security Type

Equity - Common

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$3.00

Pre-Money Valuation

$21,000,003

Company & Team

Company

Year Founded
2018
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2B2C
Margin
High
Capital Intensity
Low
Location
Midland, Georgia
Business Type
Growth
Company Website
Visit Website

Team

Employees
2
Prior Founder Exits?
No
Founder Name
Trinidad Villegas
Title
CEO
Founder Name
Nick Smith
Title
President

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
View Detailed Financials Expand

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
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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
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Add to portfolio
Lit Vodka on StartEngine 2023
Platform: StartEngine
Security Type: Equity - Common
Valuation: $21,000,003
Price per Share: $3.00

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Buy Lit Vodka's Deal Report

Warning: according to the close date for this deal, Lit Vodka may no longer be accepting investments.

Lit Vodka Deal Report

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