OTACA Tequila

OTACA Tequila

Early Stage

Once Tried, Always Craved Agave

Once Tried, Always Craved Agave

Overview

Raised this Round: Raised: $178,159

Total Commitments ($USD)

Platform

Title3Funds

Start Date

07/27/2022

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    Open SEC Filing

Price Per Share

$1.75

Pre-Money Valuation

$38,000,000

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 $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: 07/27/2022
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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 Title3Funds 2022
Platform: Title3Funds
Security Type: Equity - Common
Valuation: $38,000,000
Price per Share: $1.75

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