Pure Brands Company

Pure Brands Company

Closed: Aug. 2023

About this raise

Pure Brands Company, with a valuation of $10.01 million, is raising funds on StartEngine. The company has developed a ready-to-drink cocktail, Buena Fe, using authentic, 100% blue agave tequila and high-quality organic ingredients. Pure Brands Company has established distribution partnerships in ten states and has received pre-orders from them. Patty Baer and Andrew Bushby founded Pure Brands Company in January 2022. The current crowdfunding campaign has a minimum target of $9,992.09 and a maximum target of $1.23 million. The campaign proceeds will be used for marketing, research and development, company employment, and operations.

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Investment Overview

Invested this round: $50,461

Deal Terms

Total Commitments

Platform
StartEngine
Start Date
05/24/2023
Close Date
08/24/2023
Min. Goal
$9,992
Max Goal
$1,234,983
Min. Investment

$153

Security Type

Equity - Common

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$9.01

Pre-Money Valuation

$10,011,011

Company & Team

Company

Year Founded
2022
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
Low
Location
NEW YORK CITY, New York
Business Type
Growth
Company Website
Visit Website

Team

Employees
6
Prior Founder Exits?
No
Founder Name
Patty Baer
Title
Creative Director & Board Member
Founder Name
Andrew Bushby
Title
CEO

Financials

 Revenue
$104,649
as of FY2022
 Cash on Hand
$95
as of FY2022
 Gross Margin
17%
as of FY2022

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$104,649

$903

COGS

$86,732

$0

Tax

$0

$0

 

 

Net Income

$156,985

$-172,666

Summary Balance Sheet

FY 2022 FY 2021

Cash

$95

$326

Accounts Receivable

$6,704

$0

Total Assets

$299,799

$68,182

Short-Term Debt

$2,922

$7,850

Long-Term Debt

$88,862

$0

Total Liabilities

$91,784

$7,850

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
08/24/2023 StartEngine $10,011,011 $50,461 Equity - Common Funded RegCF
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Add to portfolio
Pure Brands Company on StartEngine 2023
Platform: StartEngine
Security Type: Equity - Common
Valuation: $10,011,011
Price per Share: $9.01

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Follow Pure Brands Company on StartEngine 2023

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