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
|
|
Start Date
03/05/2020 |
Stop Date
04/29/2020 |
Days Remaining
Closed |
|
Security Type
Common Stock |
Investment Minimum
$500 |
Deal Type |
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 |
$760,208
Commitments
Weekly Commitments ($)
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.