OTACA Tequila (2023)

About this raise

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.

Investment Overview

Invested this round: $178,159

Deal Terms
Company & Team

Total Commitments

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

Company Stage

Early Stage

SEC Filing Type

RegCF

Price Per Share

$1.75

Pre-Money Valuation

$38,000,000

Company

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
Company Website: Visit Website

Team

Employees: 4
Prior Founder Exits?: No

Founder Name: Anthony Accetta
Title: CEO

Founder Name: Nicole Accetta
Title: Co-Founder, CFO

Financials

Revenue: $134,671
Monthly Burn: Profitable
Cash on Hand: $642,714
Gross Margin: 56%

View Detailed Financials

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

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Ratings

Total Prior Capital Raised: $726,826
VC Backed?: No

Close Date	Platform	Valuation	Total Raised	Security Type	Status	Reg Type
12/28/2023	StartEngine	$21,434,269	$42,711	Equity - Common	Funded	RegCF
01/20/2023	Title3Funds	$38,000,000	$178,159	Equity - Common	Funded	RegCF
03/31/2022	StartEngine	$19,999,994	$726,826	Equity - Common	Funded	RegCF

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Revenue
Valuation
Price per Share
Employees

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.

Employee History

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View on Title3Funds

Common Stock, $38M • Closed

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Deal Considerations

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Key Challenges
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Other Risks
- No other risks found

OTACA Tequila (2023)

OTACA Tequila (2023)

About this raise