Ranch Rider Spirits

Ranch Rider Spirits

Closed: Apr. 2023

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.

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Investment Overview

Invested this round: $659,812

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
01/30/2023
Close Date
04/30/2023
Min. Goal
$100,000
Max Goal
$1,235,000
Min. Investment

$250

Security Type

Convertible Note

Series

Series D

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$36,000,000

Discount

20%

Company & Team

Company

Year Founded
2019
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Location
Austin, Texas
Business Type
Growth
Company Website
Visit Website

Team

Employees
13
Prior Founder Exits?
No
Founder Name
Brian Murphy
Title
Co-CEO
Founder Name
Quentin Cantu
Title
Co-CEO

Financials

as of Fiscal Year 2021
 Revenue +49% YoY
$5,137,983
 Monthly Burn
$864,657
 Runway
5.7 months

Summary Profit and Loss Statement

FY 2021 FY 2020

Revenue

$5,137,983

$3,447,309

COGS

$6,187,493

$1,950,610

Tax

$0

$0

 

 

Net Income

$-10,375,880

$-501,105

Summary Balance Sheet

FY 2021 FY 2020

Cash

$4,950,087

$605,248

Accounts Receivable

$328,355

$304,696

Total Assets

$7,907,135

$3,660,407

Short-Term Debt

$9,147,315

$989,615

Long-Term Debt

$451,964

$0

Total Liabilities

$9,599,279

$989,615

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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
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Ranch Rider Spirits on Wefunder 2023
Platform: Wefunder
Security Type: Convertible Note
Valuation: $36,000,000

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