OTACA Tequila
Early Stage
Once Tried, Always Craved Agave
Overview
Raised: $40,486
Total Commitments ($USD)
Platform
StartEngine
Start Date
09/25/2023
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
Price Per Share
$1.00
Pre-Money Valuation
$21,434,269
Rolling Commitments ($USD)
Status
Active
Reporting Date
12/02/2023
Days Remaining
26
% of Min. Goal
270%
% of Max. Goal
1%
Likelihood of Max
Avg. Daily Raise
$595
# of Investors
44
Momentum
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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
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: 09/25/2023
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| OTACA Tequila | 12/28/2023 | StartEngine | $21,434,269 | $40,486 | Equity - Common | Active | RegCF |
| OTACA Tequila | 01/20/2023 | Title3Funds | $38,000,000 | $178,159 | Equity - Common | Funded | RegCF |
| OTACA Tequila | 03/31/2022 | StartEngine | $19,999,994 | $726,826 | Equity - Common | Funded | RegCF |
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