Copperworks Distilling Co. of Seattle recently announced the launch an equity crowdfunding campaign in hopes of doubling whiskey production and sales. The distillery invites individual investors to become Copperworks shareholders via this SEC-regulated funding method.
Copperworks is pursuing capital to accelerate its growth and set the stage for expansion. With the capital raised, the distillery intends to grow its inventory of whiskey, add equipment and warehouse space and expand sales and marketing programs.
The SEC regulations that govern equity crowdfunding require that details about the offering are provided only on an SEC-approved crowdfunding platform. Copperworks has chosen to work with Wefunder, the first and largest equity crowdfunding portal. Here is more from the distillery on its decision to use equity crowdfunding:
We’ve chosen the approach of equity crowdfunding because it’s a vehicle to raise capital and a strategy to grow our base of brand champions. We hope our investors will consider this a sound financial investment and also view it as an opportunity to be an active champion of Copperworks—to spread the word about the brand and our spirits to friends, bartenders, liquor retailers and anyone they know who loves fine craft spirits.