Local Choice Spirits

Early Stage

Boutique spirits and private-label brand management.

Analytics

Raised to Date: Raised: $68,801

Aggregate Commitments $

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

Funding Type

RegCF

Valuation Cap

$10,000,000

Discount Rate

0%

Rolling Commitments $

Status
Funded
Reporting Date

08/31/2018

Days Remaining
Funded
% of Min. Goal

138%

% of Max. Goal

6%

Likelihood of Max
Funded
Avg. Daily Raise

$1,166

# of Investors

163

Momentum
Funded
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Location

Daniel Island, South Carolina

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

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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Local Choice Spirits on MicroVentures
$
Platform: Microventures
Security Type: Convertible Note
Valuation: $10,000,000

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