Montecito Spirits Company
Early Stage
Award-Winning Spirits produced in the American Riviera
Overview
Raised: $9,735
Total Commitments ($USD)
Platform
StartEngine
Start Date
05/22/2023
Close Date
08/21/2023
Min. Goal
$14,999
Max. Goal
$1,234,999
Min. Investment
$250
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$1.38
Pre-Money Valuation
$3,500,000
Rolling Commitments ($USD)
Status
Active
Reporting Date
06/03/2023
Days Remaining
79
% of Min. Goal
65%
% of Max. Goal
1%
Likelihood of Max
Avg. Daily Raise
$811
# of Investors
19
Momentum
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Year Founded
2023
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Foodtech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
Montecito Spirits Co., with a valuation of $3.5 million, is raising funds on StartEngine. The company is entering into a growing market by producing high-end, cognac-style brandy using California grapes. Most of the brandy that has been produced in the US is a lower-end, dessert-style brandy, instead of a higher-end Cognac-style brandy. They will initially target the US market, but plans to expand its market reach globally, where the market is currently valued at $23.7 billion. Kurt Charron founded Montecito Spirits Co. in 2023. The current crowdfunding campaign has a minimum target of $14,999 and a maximum target of $1.2 million. The campaign proceeds will be used for R&D, inventory, working capital, and construction & equipment.
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