Mystic Farm and Distillery
About this raise
Mystic Farm and Distillery, with a valuation of $20 million, is raising funds on StartEngine. The distillery makes some of the world’s finest spirits using local ingredients and its own grain. Mystic Farm and Distillery hand distills every small batch and creates world-class bourbon and other spirits from grain to glass. The business has been profitable for the past three years and generated $1.2 million in revenue in 2022. Jonathan Blitz founded Mystic Farm and Distillery in June 2013. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $1.24 million. The campaign proceeds will be used for facilities and equipment upgrades, packaging upgrades, marketing, production, expansion of the warehouse used for storing barrels of aging whiskey, and compliance and overhead expenses.
Investment Overview
Invested $1,232,985 :
Deal Terms
Company & Team
Company
- Year Founded
- 2013
- Industry
- Alcohol, Tobacco, & Recreational Drugs
- Tech Sector
- Distribution Model
- B2C
- Margin
- Medium
- Capital Intensity
- Low
Financials
- Revenue +8% YoY
- $1,200,277
- Monthly Burn
- Profitable
- Cash on Hand
- $38,708
- Gross Margin
- 85%
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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 |
---|---|---|---|---|---|---|
04/17/2024 | StartEngine | $20,000,000 | $1,232,985 | Equity - Common | Funded | RegCF |