Mishka Premium Vodka

Mishka Premium Vodka

[Closed for Investment] Mishka Premium Vodka, with a valuation of $20.02 million, is raising funds on StartEngine. It is an alcohol manufacturing company that makes all-natural and affordable gluten-free premium vodka. Mishka Premium Vodka is designed with different flavors, including honey and cranberry-flavoured vodka and kosher and citrus-flavoured vodka. The brand has a loyal customer base and has collaborations with leading companies like the Philadelphia 76ers, Iron Pigs, and Invited Clubs. Russell Fletcher founded Mishka Premium Vodka in March 2008. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $1.23 million. The campaign proceeds will be used for marketing, operations, distillery equipment, and building construction.

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Investment Overview

Raised this Round: Raised: $290,002

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
09/28/2023
Close Date
02/26/2024
Min. Goal
$15,000
Max. Goal
$1,234,964
Min. Investment

$298

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.89

Pre-Money Valuation

$20,025,000

Company & Team

Company

Year Founded
2008
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Location
Allentown, Pennsylvania
Business Type
Growth
Company Website
Visit Website

Team

Employees
6
Prior Founder Exits?
No
Founder Name
Russell Fletcher
Title
CEO

Financials

as of Fiscal Year 2022
 Revenue +144% YoY
$550,463
 Monthly Burn
Profitable
 Cash on Hand
$55,936
Gross Margin
66%

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$550,463

$226,056

COGS

$188,930

$24,542

Tax

$6,063

$0

 

 

Net Income

$14,255

$7,600

Summary Balance Sheet

FY 2022 FY 2021

Cash

$55,936

$28,088

Accounts Receivable

$0

$0

Total Assets

$339,432

$227,526

Short-Term Debt

$62,182

$39,277

Long-Term Debt

$43,469

$0

Total Liabilities

$105,651

$39,277

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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
02/26/2024 StartEngine $20,025,000 $290,002 Equity - Common Funded RegCF
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Mishka Premium Vodka on StartEngine 2023
Platform: StartEngine
Security Type: Equity - Common
Valuation: $20,025,000
Price per Share: $0.89

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

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