ONE ROQ Spirits


About this raise: ONE ROQ Spirits, with a valuation of $42 million, is raising funds on Andes Capital. The company owns ONE ROQ Vodka, an adult beverage brand, and a membership community that focuses on redefining brand experience through equity, lifestyle, and reward. ONE ROQ Spirits has won several awards for its taste and design and reported a 118% increase in sales and a 94% increase in registered app users in 2021. Garrett Green founded ONE ROQ Spirits in 2012. The current crowdfunding campaign has a minimum target of $9,998.82 and a maximum target of $3.9 million. The campaign proceeds will be used for digital acquisition, inventory production, G&A, marketing and events, and legal and accounting expenses.

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Investment Overview

Funding data not publicly available

Deal Terms

Platform
Andes Capital
Start Date
01/12/2023
Close Date
12/22/2023
Min. Goal
$10,000
Max. Goal
$3,937,541
Min. Investment

$200

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.79

Pre-Money Valuation

$42,000,000

Company & Team

Company

Year Founded
2012
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
Location
Buffalo, New York
Business Type
Growth
Company Website
Visit Website

Team

Employees
2
Prior Founder Exits?
No
Founder Name
J. Garrett Green
Title
CEO

Funding data not publicly available

Financials

as of Fiscal Year 2021
 Revenue +92% YoY
$123,982
 Monthly Burn
$47,067
 Runway
0.4 months
Gross Margin
10%

Summary Profit and Loss Statement

FY 2021 FY 2020

Revenue

$123,982

$64,510

COGS

$111,956

$26,647

Tax

$0

$0

 

 

Net Income

$-564,807

$-462,201

Summary Balance Sheet

FY 2021 FY 2020

Cash

$20,751

$72,376

Accounts Receivable

$37,296

$21,180

Total Assets

$306,049

$195,936

Short-Term Debt

$166,680

$97,681

Long-Term Debt

$118,482

$130,540

Total Liabilities

$285,162

$228,221

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$2,095,321
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
12/22/2023 Andes Capital $42,000,000 - Equity - Common Funded RegCF
02/09/2022 StartEngine $23,179,353 $1,062,459 Equity - Common Funded RegCF
04/15/2020 StartEngine $10,100,000 $1,000,000 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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ONE ROQ Spirits on Andes Capital 2023
Platform: Andes Capital
Security Type: Equity - Common
Valuation: $42,000,000
Price per Share: $0.79

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Follow ONE ROQ Spirits on Andes Capital 2023

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Warning: according to the close date for this deal, ONE ROQ Spirits may no longer be accepting investments.

ONE ROQ Spirits Deal Report

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