Spearhead Spirits
About this raise
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
Invested : $159,477
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 09/14/2024
- Close Date
- 05/01/2025
$50,000
$1,235,000
$100
SAFE
Early Stage
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
as of FY2023
- Monthly Burn
-
$37,589
as of Aug '24
-
Runway
-
3.1 months
as of Aug '24
- Gross Margin
-
59%
as of FY2023
Upgrade to gain access
-
$12.50 /month
billed annually - Free portfolio tracking, data-driven ratings, AI analysis and reports
- Plan Includes:
- Everything in Free, plus
- Company specific
Kingscrowd ratings and analyst reports
- Deal explorer and side-by-side comparison
- Startup exit and failure tracking
- Startup market filters and historical industry data
- Advanced company search ( with ratings)
- Get Edge Annual
Edge
Ratings 
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 |
|---|---|---|---|---|---|---|
| 05/01/2025 | Wefunder | - | $159,477 | SAFE | Funded | RegCF |