Spirity Cocktails
About this raise
Spirity Cocktails, with a valuation of $4 million, is raising funds on SeedInvest. The company makes non-alcoholic cocktails using spirits distilled from tea. The cocktails are traditionally crafted and provide an adult-like sipping experience. Spirity Cocktails drinks are designed to be sold and consumed on the same occasions as hard seltzers and canned RTD cocktails. The business has generated $630,000 in lifetime sales, with 53% of the revenue from repeat customers. Eric Knight and Joseph Rosa founded Spirity Cocktails in July 2019. The current crowdfunding campaign has a minimum RegCF target of $25,000, a minimum raise target of $400,000, and a maximum target of $1,000,000. The campaign proceeds will be used for the team, marketing, product, and working capital.
Investment Overview
$207,000 - Total
Deal Terms
Company & Team
Company
- Year Founded
- 2019
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- Low
Financials
-
Revenue
- $349,901
- Monthly Burn
- $3,850
-
Runway
- 8.1 months
- Gross Margin
- 16%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $0
- VC Backed?
- No
Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
---|---|---|---|---|---|---|
09/30/2022 | SeedInvest | $4,000,000 | $207,000 | Convertible Note | Funded | RegCF / RegD 506(c) |