Quiver Spirits
About this raise
Quiver Spirits, with a valuation of $6.1 million, is raising funds on Honeycomb. The spirits company based in East Hartford, Connecticut, specializes in producing high-quality heritage spirits. Quiver Spirits crafts unique spirits using natural ingredients and age-old recipes and offers an authentic and premium experience. The business was a gold medal winner at the 2023 and 2024 San Francisco and 2023 New York World Spirits competitions and has already won a silver medal at the 2024 San Francisco World Spirits Competition for its Quince Fruit Spirit. Edmund Nenortas founded Quiver Spirits in January 2016. The current crowdfunding campaign has a minimum target of $60,000 and a maximum target of $124,000. The campaign proceeds will be used for advertising, marketing, spirits production, and operations.
Investment Overview
Not Funded: $4,511
Deal Terms
Total Commitments
- Platform
- Honeycomb
- Start Date
- 11/14/2024
- Close Date
- 01/27/2025
$25,000
$124,000
$100
SAFE
Early Stage
RegCF
$6,124,000
20%
Company & Team
Company
- Year Founded
- 2016
- Industry
- Alcohol, Tobacco, & Recreational Drugs
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- High
- Capital Intensity
- Low
Financials
-
Revenue
-
$147,644
as of FY2023
- Monthly Burn
-
$17,228
as of FY2023
-
Runway
-
0.8 months
as of FY2023
- Gross Margin
-
63%
as of FY2023
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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 |
|---|---|---|---|---|---|---|
| 01/27/2025 | Honeycomb | $6,124,000 | $4,511 | SAFE | Not Funded | RegCF |