Mutiny Island Vodka

Mutiny Island Vodka

Growth Stage

Better Cocktails. Better Planet.

Better Cocktails. Better Planet.

Overview

Raised to Date: Raised: $659,502

Total Commitments ($USD)

Platform

StartEngine

Start Date

02/19/2024

Close Date

07/01/2024

Min. Goal
$14,995
Max. Goal
$1,234,997
Min. Investment

$496

Security Type

Equity - Common

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$4.72

Pre-Money Valuation

$17,971,627

Rolling Commitments ($USD)

Status

Active

Reporting Date

05/06/2024

Days Remaining

55

% of Min. Goal

4,398%

% of Max. Goal

53%

Likelihood of Max
possible
Avg. Daily Raise

$8,565

# of Investors

353

Momentum
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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

Mutiny Island Vodka, with a valuation of $17.97 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 recently launched with the Thrive Restaurant Group and has partnerships with Red Bull, American Airlines, and Applebee’s franchises. Todd Allen Manley founded Mutiny Island Vodka in July 2018. The current crowdfunding campaign has a minimum target of $14,995.44 and a maximum target of $1.23 million. The campaign proceeds will be used for hiring, technology, marketing, account support, and ongoing operations.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$1,497,474

$1,163,398

COGS

$631,380

$511,163

Tax

$0

$0

 

 

Net Income

$-1,235,880

$-1,249,201

Summary Balance Sheet

FY 2023 FY 2022

Cash

$979,921

$322,365

Accounts Receivable

$89,850

$132,781

Total Assets

$3,449,320

$2,979,126

Short-Term Debt

$452,649

$460,787

Long-Term Debt

$2,602,577

$2,576,542

Total Liabilities

$3,055,226

$3,037,329

Financials as of: 02/19/2024
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Mutiny Island Vodka on StartEngine 2024
Platform: StartEngine
Security Type: Equity - Common
Valuation: $17,971,627
Price per Share: $4.72

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