Pratt Standard
Early Stage
Craft cocktail syrups to help home bartenders elevate their game.
Overview
Raised: $91,063
Total Commitments ($USD)
Platform
Wefunder
Start Date
03/06/2019
Close Date
06/14/2019
Min. Goal
$50,000
Max. Goal
$550,000
Min. Investment
$100
Security Type
Convertible Note
SEC Filing Type
RegCF
Valuation Cap
$2,500,000
Discount
0%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
06/29/2019
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$920
# of Investors
85
Momentum
Funded
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Year Founded
2014
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Location
Washington, District of Columbia
Pratt Standard Cocktail, with a valuation cap of $2.5 million, is raising funds on WeFunder. The company manufactures premium craft cocktail syrups to help people make their favorite cocktails at home. Currently, the company has five cocktail syrups in the market. Pratt Standard Cocktail was founded by Tory Pratt. The proceeds of the current crowdfunding round, with a minimum target of $50,000, will be used for digital marketing and improving the margin. Pratt Standard Cocktail is a good investment as it has reported more than two times revenue growth year-over-year, with revenues of $256,000 in 2018. The company sold 15,000 bottles in 2018 with 20% average gross margins and 19% customer return rate.
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