Patio29 Spirits Company
About this raise: Patio29 Spirits Company, with a valuation of $3.33 million, is raising funds on StartEngine. It is an artisan craft distillery that produces premium and super-premium bottled and canned distilled spirits. Patio29 Spirits Company supports local agriculture and makes innovative spirits that resonate with today’s consumers. The business has recently secured a large California grocery chain account and is actively exploring opportunities in Texas and Florida. Jeffrey Martin Boone and Anita Lorine Boone founded Patio29 Spirits Company in August 2016. The current crowdfunding campaign has a minimum and maximum target of $123,990. The campaign proceeds will be used for research and development, inventory, company employment, marketing, and working capital.
Investment Overview
Committed : $58,167
Deal Terms
Total Commitments ($USD)
- Platform
- StartEngine
- Start Date
- 12/04/2024
- Close Date
- 03/03/2025
$123,990
$123,990
$300
Equity - Common
Seed
RegCF
$10.00
$3,330,330
Company & Team
Company
- Year Founded
- 2016
- Industry
- Alcohol, Tobacco, & Recreational Drugs
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Low
- Capital Intensity
- Low
Financials
- Revenue +30% YoY
- $163,340
- Monthly Burn
- $12,000
-
Runway
- 8.3 months
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $395,903
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 03/03/2025 | StartEngine | $3,330,330 | $58,167 | Equity - Common | Active | RegCF |