Copperworks Distilling Company

Copperworks Distilling Company

Growth Stage

2018 "Distillery of The Year" intends to double whiskey production and sales

2018 "Distillery of The Year" intends to double whiskey production and sales

Overview

Raised to Date: Raised: $2,016,375

Total Commitments ($USD)

Platform

StartEngine

Start Date

09/05/2021

Close Date

12/31/2021

Min. Goal
$10,000
Max. Goal
$5,000,000
Min. Investment

$250

Security Type

Equity - Common

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.53

Pre-Money Valuation

$11,723,916

Rolling Commitments ($USD)

Status
Funded
Reporting Date

01/01/2022

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$17,383

# of Investors

1,114

Momentum
Funded
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Year Founded

2011

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Location

Seattle, Washington

Business Type

Life Style

Company Website

Copperworks Distilling Company, with a valuation of $11.7 million, is raising funds on StartEngine. The company produces gin, vodka, and American Single Malt whiskey from the base of malted barley. Copperworks Distilling sells both through its retail store and distribution to restaurants, bars, grocery stores, and liquor stores. The business has also won several national and international awards and was named the Distillery of the Year 2018 by the American Distilling Institute. Jason Parker and Micah Nutt founded Copperworks Distilling in 2011. The current crowdfunding campaign has a minimum target of $9,999.51 and a maximum target of $4,999,999.86. The campaign proceeds will be used for expansion to two new locations and growth in production and revenue.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$1,026,360

$895,182

COGS

$691,142

$434,965

Tax

$0

$0

 

 

Net Income

$-361,425

$3,474

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$7,525

$40,581

Accounts Receivable

$22,246

$29,477

Total Assets

$2,653,129

$2,398,033

Short-Term Debt

$169,268

$295,088

Long-Term Debt

$1,703,806

$1,680,171

Total Liabilities

$1,873,074

$1,975,259
Financials as of: 09/05/2021
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Copperworks Distilling Company 07/27/2023 StartEngine $15,618,092 $617,918 Equity - Common Funded RegCF
Copperworks Distilling Company 12/30/2021 StartEngine $11,723,916 $2,016,375 Equity - Common Funded RegCF
Copperworks Distilling Company 04/28/2020 Wefunder $7,850,052 $760,208 Equity - Common Funded RegCF
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

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.

Employee History

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Copperworks Distilling Company on StartEngine 2021
Platform: StartEngine
Security Type: Equity - Common
Valuation: $11,723,916
Price per Share: $0.53

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