Mutiny Island Vodka

Mutiny Island Vodka

Growth Stage

Better Cocktails. Better Planet.

Better Cocktails. Better Planet.

Overview

Raised to Date: Raised: $608,075

Total Commitments ($USD)

Platform

StartEngine

Start Date

02/19/2024

Close Date

04/28/2024

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

04/15/2024

Days Remaining

13

% of Min. Goal

4,055%

% of Max. Goal

49%

Likelihood of Max
unlikely
Avg. Daily Raise

$10,858

# of Investors

315

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 2022 FY 2021

Revenue

$1,163,398

$920,689

COGS

$511,163

$351,543

Tax

$0

$0

 

 

Net Income

$-1,249,201

$-512,163

Summary Balance Sheet

FY 2022 FY 2021

Cash

$322,365

$60,264

Accounts Receivable

$132,781

$99,536

Total Assets

$2,979,125

$3,077,254

Short-Term Debt

$460,787

$748,145

Long-Term Debt

$2,576,542

$2,638,111

Total Liabilities

$3,037,329

$3,386,256

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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