Spearhead Spirits
Spearhead Spirits is raising funds on Wefunder. The company has a portfolio of award-winning spirits made in Africa, crafted with African ingredients from across the world. Spearhead Spirits aims to put African spirits on every menu, shelf, and drinks cabinet in the world and build the home of premium African spirits. The company has already secured over 2,000 distribution points, including retail customers and hotel and entertainment clients, and reported a 383% year-over-year growth in 2023. Christopher Frederick and Damola Timeyin founded Spearhead Spirits in April 2022. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.24 million. The campaign proceeds will be used for digital marketing, in-store marketing, inventory, and additional sales staff.
Investment Overview
Raised: $93,750
Deal Terms
Total Commitments ($USD)
- Platform
- Wefunder
- Start Date
- 09/14/2024
- Close Date
- 04/30/2025
$50,000
$1,235,000
$100
SAFE
Seed
RegCF
Uncapped
15%
Company & Team
Company
- Year Founded
- 2022
- Industry
- Alcohol, Tobacco, & Recreational Drugs
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- High
- Capital Intensity
- Low
Financials
- Revenue +2,272% YoY
- $892,013
- Monthly Burn
- $37,589
-
Runway
- 3.1 months
- Gross Margin
- 59%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $4,250,000
- VC Backed?
- Yes
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 04/30/2025 | Wefunder | - | $93,750 | SAFE | Active | RegCF |