Pratt Standard

Pratt Standard

Early Stage

Craft cocktail syrups to help home bartenders elevate their game.

Craft cocktail syrups to help home bartenders elevate their game.

Overview

Raised this Round: Raised: $91,063

Total Commitments ($USD)

Platform

Wefunder

Start Date

03/06/2019

Close Date

06/14/2019

Min. Goal
$50,000
Max. Goal
$550,000
Min. Investment

$100

Security Type

Convertible Note

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$2,500,000

Discount

0%

Year Founded

2014

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Location

Washington, District of Columbia

Pratt Standard Cocktail, with a valuation cap of $2.5 million, is raising funds on WeFunder. The company manufactures premium craft cocktail syrups to help people make their favorite cocktails at home. Currently, the company has five cocktail syrups in the market. Pratt Standard Cocktail was founded by Tory Pratt. The proceeds of the current crowdfunding round, with a minimum target of $50,000, will be used for digital marketing and improving the margin. Pratt Standard Cocktail is a good investment as it has reported more than two times revenue growth year-over-year, with revenues of $256,000 in 2018. The company sold 15,000 bottles in 2018 with 20% average gross margins and 19% customer return rate.
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Pratt Standard on Wefunder
Platform: Wefunder
Security Type: Convertible Note
Valuation: $2,500,000

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