Republic Restoratives Distillery

[Closed for Investment] Republic Restoratives Distillery is raising funds on MicroVentures. It is a small-batch woman-owned distillery and craft cocktail bar in Washington, DC. Republic Restoratives Distillery aims to create experiences over cocktails for people to meet and stay connected. The distillery will make high-quality vodka, whiskey, rye, cordials, and other spirits and will be one-of-a-kind and largest of its kind. Pia Carusone and Rachel Gardner founded Republic Restoratives Distillery in October 2013. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $300,000. The campaign proceeds will be used for research and development, marketing, manufacturing, equipment purchases, wages, debt repayment, and general working capital.

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Investment Overview

Raised this Round: Raised: $119,643

Deal Terms

Platform
Microventures
Start Date
11/15/2016
Close Date
01/13/2017
Min. Goal
$50,000
Max. Goal
$300,000
Min. Investment

$100

Security Type

Debt

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

10.00%

Company & Team

Company

Year Founded
2013
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Location
Washington, District of Columbia
Company Website
Visit Website

Team

Funding data not publicly available

Financials

as of Fiscal Year 2015
 Revenue
$0
 Monthly Burn
$23,129
 Runway
24+ months

Summary Profit and Loss Statement

FY 2015 FY 2014

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-277,547

$-28,608

Summary Balance Sheet

FY 2015 FY 2014

Cash

$979,242

$119,614

Accounts Receivable

$0

$0

Total Assets

$1,633,216

$200,081

Short-Term Debt

$32,000

$0

Long-Term Debt

$1,588,819

$100,000

Total Liabilities

$1,620,819

$100,000

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
10/21/2019 Self Managed - - Equity - Common Funded RegD 506(b)
01/13/2017 Microventures - $119,643 Debt Funded RegCF
08/28/2015 Self Managed - - Debt Funded RegD 506(b)
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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Republic Restoratives Distillery on MicroVentures 2016
Platform: Microventures
Security Type: Debt

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Warning: according to the close date for this deal, Republic Restoratives Distillery may no longer be accepting investments.

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