Ranch Rider Spirits
About this raise
Ranch Rider Spirits, with a valuation of $36 million, is raising funds on Wefunder. The company makes and sells premium canned drinks using clean and high-quality ingredients. The ingredients of Ranch Rider Spirits cocktails include reposado tequila, sparkling water, and freshly-squeezed lime. The company is known for not using any additives, preservatives, or artificial flavors and using all-natural, simple, and premium ingredients. Ranch Rider Spirits is currently the number two canned cocktail business in Texas and has generated $14 million in revenue since its launch. Brian Murphy and Quentin Cantu founded Ranch Rider Spirits in July 2019. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $1.24 million. The campaign proceeds will be used for inventory investment, further innovation development, promotional activities, distributor incentives, and discretionary spending.
Investment Overview
Invested $659,812 :
Deal Terms
Company & Team
Company
- Year Founded
- 2019
- Industry
- Alcohol, Tobacco, & Recreational Drugs
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- Low
Financials
- Revenue +49% YoY
- $5,137,983
- Monthly Burn
- $864,657
-
Runway
- 5.7 months
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $19,764,485
- VC Backed?
- No
Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
---|---|---|---|---|---|---|
04/30/2023 | Wefunder | $36,000,000 | $659,812 | Convertible Note | Funded | RegCF |