About Drakes Organic Spirits
Drakes Organic Spirits is a company based in Minneapolis (United States) founded in 2016 by Mark Anderson and Kristen Anderson. It operates as a B2B. Drakes Organic Spirits has raised $19.47 million across 6 funding rounds. Drakes Organic Spirits operates in a competitive market with competitors including Beam Suntory, Lakes Distillery, Angel's Envy, Stoli Group and Wolf Spirit, among others.
- Headquarter Minneapolis, United States
- Founders Mark Anderson, Kristen Anderson
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Sectors
Consumer
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$19.47 M (USD)
in 6 rounds
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Latest Funding Round
$1.21 M (USD), Series B
Mar 30, 2023
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Investors
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Employee Count
Employee Count
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Funding Insights of Drakes Organic Spirits
Drakes Organic Spirits has successfully raised a total of $19.47M across 6 strategic funding rounds. The most recent funding activity was a Series B round of $1.21 million completed in March 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series B — $1.2M
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First Round
First Round
(05 Apr 2017)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Mar, 2023 | Amount | Series B - Drakes Organic Spirits | Valuation |
investors |
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| Dec, 2021 | Amount | Series B - Drakes Organic Spirits | Valuation |
investors |
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| Jun, 2021 | Amount | Series B - Drakes Organic Spirits | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Drakes Organic Spirits
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Drakes Organic Spirits
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Drakes Organic Spirits Comparisons
Competitors of Drakes Organic Spirits
Drakes Organic Spirits operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Beam Suntory, Lakes Distillery, Angel's Envy, Stoli Group and Wolf Spirit, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multi-category spirits are produced and marketed globally by Beam Suntory.
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| domain | founded_year | HQ Location |
Whiskey, gin, and vodka are distributed electronically to enterprises.
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| domain | founded_year | HQ Location |
Brand of premium rums & whiskey
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| domain | founded_year | HQ Location |
Premium spirits are branded and distributed by Stoli Group.
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| domain | founded_year | HQ Location |
Retailer of distilled spirits, bourbon, vodka, gin, and related merchandise
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Drakes Organic Spirits
Frequently Asked Questions about Drakes Organic Spirits
When was Drakes Organic Spirits founded?
Drakes Organic Spirits was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Where is Drakes Organic Spirits located?
Drakes Organic Spirits is headquartered in Minneapolis, United States. It is registered at Minneapolis, Minnesota, United States.
Who is the current CEO of Drakes Organic Spirits?
Mark Anderson is the current CEO of Drakes Organic Spirits. They have also founded this company.
Is Drakes Organic Spirits a funded company?
Drakes Organic Spirits is a funded company, having raised a total of $19.47M across 6 funding rounds to date. The company's 1st funding round was a Series B of $5.89M, raised on Apr 05, 2017.
What does Drakes Organic Spirits do?
Drakes Organic Spirits, led by Mark Anderson as Co-Founder, CEO, Kristen Anderson as Co-Founder, specializes in consumer goods and beverages, alcoholic beverages, spirits production, and rum and vodka branding. Serves as a brand specializing in organic rum, vodka, and cocktails. The team drives innovation, quality service, and sustainable practices to achieve excellence and client satisfaction.
Who are the top competitors of Drakes Organic Spirits?
Drakes Organic Spirits's top competitors include Lakes Distillery, Angel's Envy and Beam Suntory.
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