Copperworks Distilling Company on Wefunder

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

Raise to date: $760,208

Reporting Date: 05/03/2020

Key Stats

Minimum Raise

$250,000

Maximum Raise

$1,070,000

Likelihood of Max Unlikely
Start Date

03/05/2020

Stop Date

04/29/2020

Days Remaining

Closed

Security Type

Common Stock

Investment Minimum

$500

Deal Type

Deal to Watch


Investment Summary

Status

Confirmed Closed

# of Investors

413

% of Minimum Raised

304%

% of Maximum Raised

71%

Dollars Per Day to Reach Max

N/A

DPD* Committed

$13,822

DPD* Category

$79

DPD* All Companies

$908

Kingscrowd Momentum

$760,208

Total Dollars Raised

Commitments

Weekly Commitments ($)
Aggregate Commitments ($)

SEC Filing Data from Kingscrowd

Copperworks Distilling Co., with a pre-money valuation of $7.85 million, is raising funds on WeFunder. 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 distillery was founded by Jason Parker and Micah Nutt in 2011 and has raised more than $2.9 million since its inception. The funds of the current crowdfunding round, with a minimum target of $250,000 and a maximum target of $1,070,000, will be used towards increased whiskey production, production equipment, sales staff and support for Washington and new markets, advertising, and new site planning. Copperworks Distilling Co. has been growing its revenues and sales volumes, with revenue of $915,000 in 2019.

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