Mexigin
Early Stage
Welcome to the Evolution of Gin
Overview
Raised: $32,339
Total Commitments ($USD)
Platform
StartEngine
Start Date
06/24/2022
Close Date
11/16/2022
Min. Goal
$9,999
Max. Goal
$999,999
Min. Investment
$102
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$3.00
Pre-Money Valuation
$9,000,000
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
11/20/2022
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$223
# of Investors
14
Momentum
Not Funded
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Year Founded
2019
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Mexigin, with a valuation of $10.8 million, is raising funds on StartEngine. The company makes small-batch and handcrafted spirits with tastes from Latin America and Mexico. The spirit combines citrus notes with a variety of spices to create elevated heat on the back end. Mexigin is already successful in New York, New Jersey, and Florida and is poised to forge partnerships with new companies and brands for expansion and growth. Corrine Delaney and Justin Huddy founded Mexigin in August 2019. The current crowdfunding campaign has a minimum target of $9,999 and a maximum target of $999,999. The campaign proceeds will be used for hiring, distribution expansion, business development, marketing, and public relations.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$14,064 |
$1,547 |
|
COGS |
$4,575 |
$514 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-7,300 |
$-517 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$3,630 |
$795 |
|
Accounts Receivable |
$696 |
$660 |
|
Total Assets |
$92,183 |
$91,817 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$100,000 |
$92,334 |
|
Total Liabilities |
$100,000 |
$92,334 |
Financials as of: 06/24/2022
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