Mutiny Island Vodka

Mutiny Island Vodka

Open  for investment

About this raise: Mutiny Island Vodka, with a valuation of $19.05 million, is raising funds on StartEngine. The vodka is ultra-premium and award-winning and is made using the island superfood breadfruit. Mutiny Island Vodka is infused with the essence, rhythm, flavor, and character of islands and elevates the cocktail experience with every sip. The business has won several double-gold and gold medals and has secured more than $5 million in sales since its launch. Todd Allen Manley founded Mutiny Island Vodka in July 2018. The current crowdfunding campaign has a minimum target of $14,999.10 and a maximum target of $3.9 million. The campaign proceeds will be used for hiring, technology, marketing, account support, and ongoing operations.

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Investment Overview

Committed this round: $294,433

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
12/03/2024
Close Date
03/04/2025
Min. Goal
$14,999
Max. Goal
$3,927,056
Min. Investment

$265

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$5.10

Pre-Money Valuation

$19,054,936

Company & Team

Company

Year Founded
2018
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Location
St. Croix, U.S. Virgin Islands
Business Type
Growth
Company Website
Visit Website

Team

Employees
23
Prior Founder Exits?
No
Founder Name
Todd Manley
Title
CEO

Financials

as of September 30, 2024
 Revenue +24% YoY
$1,447,474
 Monthly Burn
$90,000
 Runway
4.7 months
Gross Margin
56%

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$1,447,474

$1,163,398

COGS

$631,380

$511,163

Tax

$0

$0

 

 

Net Income

$-1,248,554

$-1,261,279

Summary Balance Sheet

FY 2023 FY 2022

Cash

$979,922

$322,365

Accounts Receivable

$194,444

$169,608

Total Assets

$3,511,523

$3,019,148

Short-Term Debt

$392,785

$276,831

Long-Term Debt

$3,665,473

$3,749,502

Total Liabilities

$4,058,258

$4,026,333

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$3,280,945
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
03/04/2025 StartEngine $19,054,936 $294,433 Equity - Common Active RegCF
09/03/2024 StartEngine $17,971,627 $1,125,272 Equity - Common Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Mutiny Island Vodka on StartEngine 2024
Platform: StartEngine
Security Type: Equity - Common
Valuation: $19,054,936
Price per Share: $5.10

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