River Glen

[Closed for Investment] River Glen, with a valuation of $12.52 million, is raising funds on StartEngine. The company 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 $15,000 and a maximum target of $1.23 million. The campaign proceeds will be used for marketing, research and development, company employment, operations, and inventory.

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Investment Overview

Raised this Round: Raised: $102,526

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
05/29/2023
Close Date
07/25/2023
Min. Goal
$14,999
Max. Goal
$1,234,999
Min. Investment

$351

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.21

Pre-Money Valuation

$12,525,070

Company & Team

Company

Year Founded
2023
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2B2C
Margin
Medium
Capital Intensity
Low
Location
DELRAY BEACH, Florida
Business Type
Growth
Company Website
Visit Website

Team

Employees
2
Prior Founder Exits?
No
Founder Name
Brendan Feeley
Title
CEO

Financials

as of Fiscal Year 2022
 Revenue
$802,575
 Monthly Burn
$69,848
 Runway
0.4 months
Gross Margin
44%

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$802,575

$0

COGS

$445,875

$0

Tax

$0

$0

 

 

Net Income

$-838,174

$0

Summary Balance Sheet

FY 2022 FY 2021

Cash

$28,926

$0

Accounts Receivable

$0

$0

Total Assets

$28,926

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$1,150,000
VC Backed?
No
Offering Name Close Date Platform Valuation Total Raised Security Type Status Reg Type
River Glen Cocktails 01/25/2024 Netcapital $12,632,139 $0 Equity - Common Not Funded RegCF
River Glen 07/25/2023 StartEngine $12,525,070 $102,526 Equity - Common Funded RegCF
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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.

Valuation History

Price per Share History

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

Employee History

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Add to portfolio
River Glen on StartEngine 2023
Platform: StartEngine
Security Type: Equity - Common
Valuation: $12,525,070
Price per Share: $2.21

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Follow River Glen on StartEngine 2023

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Warning: according to the close date for this deal, River Glen may no longer be accepting investments.

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