SoNo 1420
About this raise
SoNo 1420, with a valuation of $24.95 million, is raising funds on StartEngine. It is a craft distillery that produces ultra-premium spirits capturing the essence of coastal climate. SoNo 1420’s coastal New England spirits are infused with innovation and excellence and include its flagship whiskeys, vodkas, and ready-to-mix cocktails. The company has won several awards for its products and generated $1.3 million in revenue in 2023. Theodore E. Dumbauld founded SoNo 1420 in October 2022. The current crowdfunding campaign has a minimum target of $14,999.78 and a maximum target of $1.23 million. The campaign proceeds will be used for sales and marketing, whiskey inventory, and operating expenses.
Investment Overview
Invested $170,775 :
Deal Terms
Company & Team
Company
- Year Founded
- 2022
- Industry
- Alcohol, Tobacco, & Recreational Drugs
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Medium
- Capital Intensity
- Low
Financials
- Revenue +18% YoY
- $1,325,208
- Monthly Burn
- $65,000
-
Runway
- 3.5 months
- Gross Margin
- 48%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $4,541,853
- VC Backed?
- No
Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
---|---|---|---|---|---|---|
10/28/2024 | StartEngine | $24,950,226 | $170,775 | Equity - Common | Funded | RegCF |