Mexigin

Mexigin

Closed: Nov. 2022

About this raise

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.

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Investment Overview

Not Funded: $32,339

Deal Terms

Total Commitments

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    Open SEC Filing

Price Per Share

$3.00

Pre-Money Valuation

$9,000,000

Company & Team

Company

Year Founded
2019
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Location
Red Bank, New Jersey
Business Type
Growth
Company Website
Visit Website

Team

Employees
2
Prior Founder Exits?
No
Founder Name
Corinne Delaney
Title
CEO, Director
Founder Name
Justin Huddy
Title
Chief Strategy Officer

Financials

 Revenue
$14,064
 Monthly Burn
$608
 Runway
6 months
Gross Margin
67%

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

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
11/16/2022 StartEngine $9,000,000 $32,339 Equity - Common Not Funded RegCF
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Add to portfolio
Mexigin on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $9,000,000
Price per Share: $3.00

Follow company

Follow Mexigin on StartEngine 2022

Buy Mexigin's Deal Report

Warning: according to the close date for this deal, Mexigin may no longer be accepting investments.

Mexigin Deal Report

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  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether Mexigin is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

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