Lonerider Spirits (2022)

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.

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Investment Overview

Invested this round: $129,239

Deal Terms

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    Open SEC Filing

Price Per Share

$4.00

Early Bird Valuation

$20,747,773

Pre-Money Valuation

$25,934,716

Company & Team

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%

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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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/14/2025 StartEngine $15,971,201 $38,343 Equity - Common Active RegCF
03/28/2022 Wefunder $25,934,716 $129,239 Equity - Common Funded RegCF
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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.

Employee History

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Lonerider Spirits on Wefunder 2021
Platform: Wefunder
Security Type: Equity - Common
Valuation: $25,934,716
Price per Share: $4.00

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