Texas Tail Distillery

Texas Tail Distillery

Closed: Apr. 2024

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.

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Investment Overview

Invested this round: $560,695

Deal Terms

Total Commitments

Platform
StartEngine
Start Date
11/13/2023
Close Date
04/22/2024
Min. Goal
$15,000
Max Goal
$1,235,000
Min. Investment

$500

Security Type

Equity - Common

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$5.00

Pre-Money Valuation

$10,000,000

Company & Team

Company

Year Founded
2023
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Location
Galveston, Texas
Business Type
Growth
Company Website
Visit Website

Team

Employees
15
Prior Founder Exits?
No
Founder Name
Nicholas Droege
Title
CEO
Founder Name
Gregory Truex
Title
Vice President, Director

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

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$817,924

$769,046

COGS

$180,169

$259,568

Tax

$0

$0

 

 

Net Income

$-104,797

$-215,440

Summary Balance Sheet

FY 2022 FY 2021

Cash

$113,338

$8,549

Accounts Receivable

$30,133

$33,809

Total Assets

$1,246,128

$1,163,586

Short-Term Debt

$164,006

$225,427

Long-Term Debt

$962,342

$1,228,885

Total Liabilities

$1,126,348

$1,454,312

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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
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Add to portfolio
Texas Tail Distillery on StartEngine 2023
Platform: StartEngine
Security Type: Equity - Common
Valuation: $10,000,000
Price per Share: $5.00

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Warning: according to the close date for this deal, Texas Tail Distillery may no longer be accepting investments.

Texas Tail Distillery Deal Report

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