Three Of Strong
Three of Strong, with a valuation of $5.02 million, is raising funds on StartEngine. It is a Portland distillery that makes all-natural gin, rum, and ready-to-drink cocktails. Three of Strong spirits are focused on sustainability, fun, and quality and have won several awards in prestigious blind tastings. The company works on a hybrid business model and sells through the direct-to-customer platform for better margins and price control and traditional retail distribution for better visibility. Samuel Pierce and David Bruce McConnell founded Three of Strong in April 2018. The current crowdfunding campaign has a minimum and maximum target of $123,999.95. The campaign proceeds will be used for marketing, inventory, working capital, company employment, and operations.
Investment Overview
Raised: $143,838
Deal Terms
Total Commitments ($USD)
- Platform
- StartEngine
- Start Date
- 10/24/2024
- Close Date
- 02/25/2025
$124,000
$1,235,000
$500
Equity - Common
Seed
RegCF
$0.37
$5,018,124
Company & Team
Company
- Year Founded
- 2018
- Industry
- Alcohol, Tobacco, & Recreational Drugs
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Medium
- Capital Intensity
- Low
Financials
- Revenue +36% YoY
- $562,354
- Monthly Burn
- $25,000
-
Runway
- 5.6 months
- Gross Margin
- 146%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $1,525,000
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 02/25/2025 | StartEngine | $5,018,124 | $143,838 | Equity - Common | Active | RegCF |