Mexigin

Early Stage

Welcome to the Evolution of Gin

Analytics

Raised to Date: Raised: $16,709

Aggregate Commitments $

Platform

StartEngine

Start Date

06/24/2022

Close Date

09/24/2022

Min. Goal

$9,999

Max. Goal

$999,999

Min. Investment

$102

Security Type

Equity - Common

Funding Type

RegCF

Series

Pre-Seed

Price Per Share

$3.00

Pre-Money Valuation

$9,000,000

Rolling Commitments $

Status

Active

Reporting Date

08/13/2022

Days Remaining

42

% of Min. Goal

167%

% of Max. Goal

2%

Likelihood of Max
unlikely
Avg. Daily Raise

$334

Momentum
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Location

Red Bank, New Jersey

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Business Type

Growth

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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Mexigin on StartEngine 2022
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Platform: StartEngine
Security Type: Equity - Common
Valuation: $9,000,000

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