About this raise
Lonerider Spirits, with a valuation of $15.97 million, is raising funds on StartEngine. The company makes adventurous spirits for outlaws and distributes them through pre-existing distributor relationships. The Lonerider Spirits brand is iconic and helps the business establish distillery locations due to its name recognition. The brewstillery has over 600 points of distribution in North Carolina and has five Hideouts. Sumit Vohra and Mihir Patel founded Lonerider Spirits in May 2018. The current crowdfunding campaign has a minimum and maximum target of $123,999.12. The campaign proceeds will be used for inventory, sales personnel, marketing, future inventory, and cash reserves.
Investment Overview
Committed $27,720 :
Deal Terms
Company & Team
Company
- Year Founded
- 2018
- Industry
- Alcohol, Tobacco, & Recreational Drugs
- Tech Sector
- Distribution Model
- B2B2C
- Margin
- High
- Capital Intensity
- High
Financials
- Revenue +100% YoY
- $487,826
- Monthly Burn
- $13,838
-
Runway
- 0.7 months
- Gross Margin
- 65%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $1,000,000
- VC Backed?
- No
Growth Charts
Revenue History
Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.
Valuation History
Price per Share History
Note: Share prices shown in earlier rounds may not be indicative of any stock splits.