Pratt Standard on Wefunder

Craft cocktail syrups to help home bartenders elevate their game.

Raise to date: $91,063

Reporting Date: 06/30/2019

Key Stats

Minimum Raise

$50,000

Maximum Raise

$550,000

Likelihood of Max Unlikely
Start Date

03/07/2019

Stop Date

06/14/2019

Days Remaining

19999870

Security Type

Convertible Note

Investment Minimum

$100

Deal Type

No Review


Investment Summary

Status

Confirmed Closed

# of Investors

85

% of Minimum Raised

182%

% of Maximum Raised

17%

Dollars Per Day to Reach Max

N/A

DPD* Committed

$920

DPD* Category

$1,023

DPD* All Companies

$1,085

Kingscrowd Momentum

$91,063

Total Dollars Raised

Commitments

Weekly Commitments ($)
Aggregate Commitments ($)

SEC Filing Data from Kingscrowd

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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