Lonerider Spirits (2022)

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 this round: $129,239

Deal Terms
Company & Team

Total Commitments

Platform: Wefunder
Start Date: 08/06/2021
Close Date: 03/28/2022

Min. Goal
$50,000

Max Goal
$1,070,000

Min. Investment

$100

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF

Price Per Share

$4.00

Early Bird Valuation

$20,747,773

Pre-Money Valuation

$25,934,716

Company

Year Founded: 2018
Industry: Alcohol, Tobacco, & Recreational Drugs
Tech Sector: Non-Tech
Distribution Model: B2B2C
Margin: High
Capital Intensity: High
Location: Holly Springs, North Carolina
Business Type: Growth
Company Website: Visit Website

Team

Employees: 5
Prior Founder Exits?: No

Founder Name: Sumit Vohra
Title: CEO

Financials

Revenue +50% YoY: $349,615
Monthly Burn: $11,763
Runway: 14.9 months
Gross Margin: 81%

View Detailed Financials

Summary Profit and Loss Statement

	Most Recent Year	Prior Year
Revenue	$349,615	$233,102
COGS	$65,189	$56,659
Tax	$9,895	$5,069


Net Income	$-141,153	$-313,871

Summary Balance Sheet

	Most Recent Year	Prior Year
Cash	$175,200	$316,480
Accounts Receivable	$53,135	$45,587
Total Assets	$820,543	$798,110
Short-Term Debt	$25,436	$22,838
Long-Term Debt	$358,267	$196,367
Total Liabilities	$383,703	$219,205

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Ratings

Close Date	Platform	Valuation	Total Raised	Security Type	Status	Reg Type
04/14/2025	StartEngine	$15,971,201	$40,398	Equity - Common	Active	RegCF
03/28/2022	Wefunder	$25,934,716	$129,239	Equity - Common	Funded	RegCF

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Revenue
Valuation
Price per Share
Employees

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.

Employee History

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View on Wefunder

Common Stock, $25.9M • Closed

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Deal Considerations

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Key Challenges
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Other Risks
- No other risks found

Lonerider Spirits (2022)

Lonerider Spirits (2022)

About this raise