Local Choice Spirits

Local Choice Spirits

Closed: Aug. 2018

About this raise: Local Choice Spirits (LCS) is a spirits company that helps celebrities and entrepreneurs build brands by creating custom boutique spirits. Created in 2010 by “Pixie” Paula Dezzutti Hewlette, who has an extensive background in the spirits industry, LCS’s revenue has increased over 200% from 2014 to 2017. They’ve also won more than 40 awards in the past five years. Notable partnerships include The Legendary Hatfield & McCoy Family Brand Whiskey, Dwight Eubanks and his Eubanks Gin Collection, and Boosie Badazz’s Boosie Juice Vodka. LCS manages the entire production process for its customers, and works with partners to promote the products, move them through the distribution process, and then into retail.

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Investment Overview

Invested this round: $68,801

Deal Terms

Total Commitments ($USD)

Platform
Microventures
Start Date
06/22/2018
Close Date
08/20/2018
Min. Goal
$50,000
Max. Goal
$1,070,000
Min. Investment

$100

Security Type

Convertible Note

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$10,000,000

Discount

0%

Company & Team

Company

Year Founded
2010
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Location
Daniel Island, South Carolina
Company Website
Visit Website

Team

Employees
1

Financials

Financials are not currently available for this company. This may occur if the company is still Testing the Waters, is a Regulation D offering, or if the financials are still under review and being confirmed by our team. For Reg CF and Reg A+ raises, please check back later.

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
08/20/2018 Microventures $10,000,000 $68,801 Convertible Note Funded RegCF
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Local Choice Spirits on MicroVentures
Platform: Microventures
Security Type: Convertible Note
Valuation: $10,000,000

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