Mexigin
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.
Investment Overview
Not Funded: $32,339
Deal Terms
Company & Team
Company
- Year Founded
- 2019
- Industry
- Alcohol, Tobacco, & Recreational Drugs
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Medium
- Capital Intensity
- Low
Financials
-
Revenue
- $14,064
- Monthly Burn
- $608
-
Runway
- 6 months
- Gross Margin
- 67%
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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 |