Texas Tail Distillery
About this raise
Texas Tail Distillery, with a valuation of $10 million, is raising funds on StartEngine. The distillery makes unique and handmade spirits using exceptional and high-quality ingredients. Texas Tail Distillery sources locally-grown ingredients and captures the essence of Texas in a bottle while supporting local agriculture and protecting the environment. The special products of Texas Tail Distillery include bourbon and vodka; both made using exceptional processes and earning top ratings in major spirit competitions. Nicholas Droege and Gregory Truex founded Texas Tail Distillery in October 2023. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $1.24 million. The campaign proceeds will be used for research and development, inventory, company employment, equipment, and marketing.
Investment Overview
Invested : $560,695
Deal Terms
Total Commitments
- Platform
- StartEngine
- Start Date
- 11/13/2023
- Close Date
- 04/22/2024
$15,000
$1,235,000
$500
Equity - Common
Early Stage
RegCF
$5.00
$10,000,000
Company & Team
Company
- Year Founded
- 2023
- Industry
- Alcohol, Tobacco, & Recreational Drugs
- Tech Sector
- Distribution Model
- B2C
- Margin
- High
- Capital Intensity
- Low
Financials
- Revenue +6% YoY
-
$817,924
as of FY2022
- Monthly Burn
-
$8,733
as of FY2022
-
Runway
-
13 months
as of FY2022
- Gross Margin
-
78%
as of FY2022
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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 |
|---|---|---|---|---|---|---|
| 04/22/2024 | StartEngine | $10,000,000 | $560,695 | Equity - Common | Funded | RegCF |