About this raise
The Block Distilling Co., with a valuation of $10.2 million, is raising funds on Wefunder. It is a distillery based in Denver, Colorado, that makes every drop of spirits in-house. The Block Distilling Co. takes raw ingredients and uses industrial equipment, chemistry, and culinary methods to craft artful spirits. The distillery has generated $5.2 million in sales since opening and reported double digits growth in five out of six years. Kraig Weaver, Michelle Weaver, and Kameron Weaver founded The Block Distilling Co. in August 2015. The current crowdfunding campaign has a minimum target of $100,002.59 and a maximum target of $617,998.92. The campaign proceeds will be used for the expansion of wholesale markets, expansion construction, working capital, debt reduction, and an additional distillery assistant.
Investment Overview
Committed : $33,900
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 04/04/2024
- Close Date
- 04/30/2025
$100,003
$617,999
$100
Equity - Preferred
Series B
RegCF
$2.72
$10,205,666
Company & Team
Company
- Year Founded
- 2015
- Industry
- Alcohol, Tobacco, & Recreational Drugs
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- High
- Capital Intensity
- Low
Financials
- Revenue +13% YoY
- $1,077,525
- Monthly Burn
- $42,000
-
Runway
- 5.4 months
- Gross Margin
- 76%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $2,847,712
- VC Backed?
- No
Growth Charts
Revenue History
Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.
Valuation History
Price per Share History
Note: Share prices shown in earlier rounds may not be indicative of any stock splits.