River Glen Cocktails

River Glen Cocktails

Early Stage

High quality items in the Beverage Alcohol business

High quality items in the Beverage Alcohol business

Overview

Raised this Round: Raised: $0

Total Commitments ($USD)

Platform

Netcapital

Start Date

12/05/2023

Close Date

01/25/2024

Min. Goal
$10,000
Max. Goal
$500,000
Min. Investment

$100

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.21

Pre-Money Valuation

$12,632,139

Year Founded

2023

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Location

DELRAY BEACH, Florida

Business Type

Growth

River Glen Cocktails, with a valuation of $14.3 million, is raising funds on NetCapital. The company creates, produces, and sells high-quality alcoholic beverages. River Glen Cocktails creates unique and distinguishable brands of spirits and distributes them through its key distributors and chains. The first product of River Glen, Kentucky 10 Bourbon, is available in 19 states, generated $1.25 million in revenue, and received Gold Medal 92-point from the Beverage Testing Institute. Brendan Feeley founded River Glen in May 2023. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $500,000. The campaign proceeds will be used for marketing, production, and general and administrative expenses.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$0

$0

Summary Balance Sheet

FY 2022 FY 2021

Cash

$0

$0

Accounts Receivable

$0

$0

Total Assets

$0

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 12/05/2023
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
River Glen Cocktails 01/24/2024 Netcapital $12,632,139 $0 Equity - Common Not Funded RegCF
River Glen 07/24/2023 StartEngine $12,525,070 $102,526 Equity - Common Funded RegCF
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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.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

Funding data not publicly available

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River Glen Cocktails on NetCapital 2023
Platform: Netcapital
Security Type: Equity - Common
Valuation: $12,632,139
Price per Share: $2.21

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Follow River Glen Cocktails on NetCapital 2023

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