OTACA Tequila
Once Tried, Always Craved Agave
Overview
Raised: $178,159
Total Commitments ($USD)
Platform
Title3Funds
Start Date
07/28/2022
Close Date
01/20/2023
Min. Goal
$10,001
Max. Goal
$4,273,380
Min. Investment
$250
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$1.75
Pre-Money Valuation
$38,000,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
01/31/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,012
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
OTACA Tequila, with a valuation of $38 million, is raising funds on Title3Funds. The company makes high-quality, top-shelf sipping artisanal tequila at a mid-level price. The business uses a triple filtration and chilling process to create smooth tequila without a burning sensation. OTACA Tequila has packed and bottled 25,000 bottles of its debut product, Tequila Plata, and will be self-distributing to over 600 locations. The upcoming expressions of OTACA Tequila include Reposado and Anejo and will be released soon by allocation only. Anthony Accetta founded OTACA Tequila in August 2020. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $5,000,000. The campaign proceeds will be used for growth and expansion.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$134,671 |
$0 |
|
COGS |
$59,833 |
$0 |
|
Tax |
$13,233 |
$0 |
| ||
| ||
|
Net Income |
$472,973 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$642,714 |
$0 |
|
Accounts Receivable |
$30,758 |
$0 |
|
Total Assets |
$849,815 |
$0 |
|
Short-Term Debt |
$65,361 |
$0 |
|
Long-Term Debt |
$500,000 |
$0 |
|
Total Liabilities |
$565,361 |
$0 |
Financials as of: 07/28/2022
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