OTACA Tequila

OTACA Tequila

Early Stage

Once Tried, Always Craved Agave

Once Tried, Always Craved Agave

Overview

Raised to Date: Raised: $42,711

Total Commitments ($USD)

Platform

StartEngine

Start Date

09/24/2023

Close Date

12/28/2023

Min. Goal
$15,000
Max. Goal
$4,500,000
Min. Investment

$500

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.00

Pre-Money Valuation

$21,434,269

Rolling Commitments ($USD)

Status
Funded
Reporting Date

12/30/2023

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$454

# of Investors

47

Momentum
Funded
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Year Founded

2020

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Location

Aliso Viejo, California

Business Type

Growth

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.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$368,804

$0

COGS

$176,439

$0

Tax

$0

$0

 

 

Net Income

$-662,071

$-203,659

Summary Balance Sheet

FY 2022 FY 2021

Cash

$20,784

$11,353

Accounts Receivable

$47,697

$0

Total Assets

$834,779

$626,728

Short-Term Debt

$99,576

$67,554

Long-Term Debt

$535,995

$582,842

Total Liabilities

$635,571

$650,396

Financials as of: 09/24/2023
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
OTACA Tequila 12/27/2023 StartEngine $21,434,269 $42,711 Equity - Common Funded RegCF
OTACA Tequila 01/19/2023 Title3Funds $38,000,000 $178,159 Equity - Common Funded RegCF
OTACA Tequila 03/30/2022 StartEngine $19,999,994 $726,826 Equity - Common Funded RegCF
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

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.

Employee History

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OTACA Tequila on StartEngine 2023
Platform: StartEngine
Security Type: Equity - Common
Valuation: $21,434,269
Price per Share: $1.00

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