As part of the equity raise for Drifter Spirits/Avua Corporation, we are highlighting some of the new products in the portfolio as we move towards a more profitable, larger portfolio company over the next 5 years.
Svöl Aquavit is an aquavit brand developed alongside some of the most famous Scandinavian food and drinks authority in the world. As part of Drifter’s focus on niche spirits beloved by the modern craft cocktail bartender, aquavit is a botanical spirit from Scandinavia, closely related to a gin, that uses caraway as a base botanical instead of juniper.
Gunnar Gislason, the owner head chef of Michelin starred Dill in Rekjavik, wanted to express the different national traditions of aquavit: Danish, Swedish and Norwegian. The Svöl Danish, with aromas of caraway, and Svöl Swedish, with aromas of dill, were launched in 2019 to acclaim. The products are produced in Brooklyn with the famous gin distiller Allen Katz at the New York Distilling Co.
The products were launched to acclaim, with a mention in the New York Times, as well as adoption at some of the best restaurants, bars and hotels in the world, such as the Nomad, Eleven Madison Park and Broken Shaker at the Freehand.
Moreover, they have provided strong initial cash flow that has supported Drifter’s growth trajectory on top of revenues of $153k in only 7 months.
Invest in THE route to market for craft spirits here: https://wefunder.com/avuacachaca/join
Wefunder supports three different federal laws that allow startups to raise money legally. To comply with the law, Wefunder Advisors LLC and Wefunder Portal LLC (both owned by Wefunder Inc) also list startups depending on the regulation used.
Legal May 16th 2016
Wefunder Portal LLC
for 394 startups
Wefunder Advisors LLC
for 115 startups
for 3 startups
Curious how well the companies have done? Or how many raised follow-on financing?
Some fine print: 1) These numbers include startups currently live on Wefunder if they pass their minimum target. 2) Some startups use two different laws at the same time (i.e., Regulation D and Regulation Crowdfunding).
Join 695,051 investors who funded 481 startups with over $176 million1
wefunder.com/updates/133235-drifter-spirits-brand-2-svol-aquavit is managed by
Wefunder Portal LLC.
Wefunder Inc. runs wefunder.com and is the parent company of Wefunder Advisors LLC and Wefunder Portal LLC. Wefunder Advisors is an exempt reporting adviser that advises SPVs used in Reg D offerings. Wefunder Portal is a funding portal (CRD #283503) that operates sections of wefunder.com where some Regulation Crowdfunding offerings are made.
Wefunder, Inc. operates sections of wefunder.com where some Regulation D and A offerings are made. Wefunder, Inc. is not regulated as either a broker-dealer or funding portal and is not a member of FINRA.
You may also view our Privacy Notice.