About this raise
Lonerider Spirits, with a pre-money valuation of $25.9 million, is raising funds on Wefunder. 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. Chris Mielke founded Lonerider Spirits in May 2018. The proceeds of the current crowdfunding raise, with a minimum goal of $50,000 and a maximum goal of $1,070,000, will be used towards the construction costs of new locations at Pembroke, NC, Durham, NC, and Forest, NC. Lonerider Spirits has received over 30 awards, including NC Whiskey Distillery of the Year in 2020. The revenue from spirits went up 52% from $233,100 in 2019 to $349,600 in 2020.
Investment Overview
Invested $129,239 :
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 +50% YoY
- $349,615
- Monthly Burn
- $11,763
-
Runway
- 14.9 months
- Gross Margin
- 81%
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Funding history
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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.