About this raise
The Block Distilling Co., with a pre-money valuation of $7.34 million, is raising crowdfunding on Wefunder. It is a craft distillery that makes small-batch spirits from start to finish in-house. Some of the products of The Block Distilling Co. include Four Grain Straight Whiskey, Summer Gin, Spring Gin, and Autumn Gin. Kraig Weaver, Michelle Weaver, and Cameron Weaver founded The Block Distilling Co. in 2015 and raised $1.5 million since the inception. The proceeds of the current crowdfunding round, with a minimum target of $250,000 and a maximum target of $1,069,999, will be used to fund expansion construction and hire an additional distillery assistant. The Block Distilling Co. has sold 120,000 drinks and 8,000 bottles and generated $1.85 million in lifetime sales since opening.
Investment Overview
Invested $685,263 :
Deal Terms
Company & Team
Company
- Year Founded
- 2015
- Industry
- Alcohol, Tobacco, & Recreational Drugs
- Tech Sector
- Distribution Model
- B2C
- Margin
- High
- Capital Intensity
- High
Financials
- Revenue -36.4% YoY
- $568,476
- Monthly Burn
- $23,226
-
Runway
- 3.3 months
- Gross Margin
- 75%
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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.