River Glen

River Glen

Early Stage

Unique and Distinguishable Spirit Brands

Unique and Distinguishable Spirit Brands

Overview

Raised to Date: Raised: $102,526

Total Commitments ($USD)

Platform

StartEngine

Start Date

05/28/2023

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

Rolling Commitments ($USD)

Status
Funded
Reporting Date

07/30/2023

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$1,799

# of Investors

44

Momentum
Funded
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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

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.

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

Financials as of: 05/28/2023
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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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Price per Share History

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

Valuation History

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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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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