The Block Distilling on WeFunder | Deal Memo

Jun 6, 2021 2 min read
Invest in The Block Distilling Co.: A craft distillery making #everydamndrop in house. | Wefunder
A craft distillery making #everydamndrop in house.

Company Overview

The Block makes every spirit from start to finish in house. We like to honor tradition while still pushing innovation. This means most of our spirits have small twists that make them unique to us. This could be our seasonal gins, each of them having a botanical recipe that creates flavor expressions representative of their season; citrus forward Summer Gin, floral Spring Gin, or spice rich Autumn Gin. It could be our Four Grain Straight Whiskey that features an oat heavy grain bill which gives it a beautiful earthy, creaminess. Batch No. 1 of our Four Grain Straight Whiskey received a silver medal from the San Francisco World Spirits Competition. SFWSC is one of the most respected competitions due to their strict processes of judgement which include 4 days of blind tastings before moving to the next round which then includes branding and price point as factors. A silver medal holds the description of, "Outstanding spirits that show refinement, finesse, and complexity; these winners are among the best examples of their categories."

Deal Terms

  • Security: Priced Round
  • Valuation Cap: $7,340,000
  • Min. Investment: $100

(Data as of June 2021.)

The Block Distilling: WeFunder Campaign Highlights

1) Raised $1.5M from angel investors.

2) Grew 40% from year 1 to 2. Grew 18% year 2 to 3 (even through the pandemic).

3) Up to 6x production scale-up pending success of this round

4) Sold 120,000 drinks and 8,000 bottles in house since opening

5) $1.85M in cumulative sales since opening.

6) Run by 2 engineers and a licensed professional counselor.

Did I Invest In The Block Distilling?

I’m still in the process of writing a full deal report and decide whether or not I will invest in The Block Distilling on WeFunder. At Angel Notes, I review 100+ pitches on 10+ platforms every month and send a detailed report every Saturday to subscribers of the Angel Notes newsletter (you can join through the form below). See you soon!

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