[Closed for Investment] OTACA Tequila, with a valuation of $21.43 million, is raising funds on StartEngine. The company makes high-quality, top-shelf sipping artisanal tequila at a mid-level price. OTACA Tequila uses a triple filtration and chilling process to create smooth tequila without a burning sensation. The business has packed and bottled 25,000 bottles of its debut product, Tequila Plata, and is selling in more than 350 locations through a self-distribution method. Anthony Accetta founded OTACA Tequila in August 2020. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $4.5 million. The campaign proceeds will be used for marketing, inventory, working capital, and operations.
Investment Overview
Raised: $42,711
Deal Terms
Total Commitments ($USD)
- Platform
- StartEngine
- Start Date
- 09/25/2023
- Close Date
- 12/28/2023
$15,000
$4,500,000
$500
Equity - Common
Seed
RegCF
$1.00
$21,434,269
Company & Team
Company
- Year Founded
- 2020
- Industry
- Alcohol, Tobacco, & Recreational Drugs
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Medium
- Capital Intensity
- Low
Financials
-
Revenue
- $368,804
- Monthly Burn
- $55,173
-
Runway
- 0.4 months
- Gross Margin
- 52%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $898,036
- VC Backed?
- No
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.