About Spiritless
Spiritless is a company based in Louisville (United States) founded in 2019 by Lauren Chitwood, Lexie Lancaster Larsen, and Abbey Ferguson.. Spiritless has raised $4 million across 1 funding round. The company has 58 employees as of December 31, 2022. Spiritless offers products and services including Kentucky 74, Jalisco 55, and Old Fashioned Cocktail. Spiritless operates in a competitive market with competitors including De Soi, Aplós, The Free Spirits, Optimist Drinks and Abstinence Spirits, among others.
- Headquarter Louisville, United States
- Employees 58 as on 31 Dec, 2022
- Founders Lauren Chitwood, Lexie Lancaster Larsen, Abbey Ferguson
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Sectors
ConsumerRetail
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Email
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Phone
*********
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Website
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Social
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- Legal Name Spiritless, Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$4 M (USD)
in 1 rounds
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Latest Funding Round
$4 M (USD), Series A
Aug 22, 2023
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Investors
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Employee Count
58
as on Dec 31, 2022
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Products & Services of Spiritless
Spiritless offers a comprehensive portfolio of products and services, including Kentucky 74, Jalisco 55, and Old Fashioned Cocktail. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Distilled non-alcoholic spirit mimicking bourbon for cocktails.
Non-alcoholic tequila alternative for mixed drinks.
Pre-packaged non-alcoholic cocktail for easy consumption.
Funding Insights of Spiritless
Spiritless has successfully raised a total of $4M through 1 strategic funding round. The most recent funding activity was a Series A round of $4 million completed in August 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 1
- Last Round Series A — $4.0M
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First Round
First Round
(22 Aug 2023)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2023 | Amount | Series A - Spiritless | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 Spiritless
| 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 - Spiritless
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 |
Spiritless Comparisons
Competitors of Spiritless
Spiritless 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 De Soi, Aplós, The Free Spirits, Optimist Drinks and Abstinence Spirits, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Non-alcoholic beverages are sold online by an internet-first brand.
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| domain | founded_year | HQ Location |
Non-alcoholic spirits are marketed as an internet-first brand by Aplós.
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| domain | founded_year | HQ Location |
Internet-first brand non-alcoholic spirits
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| domain | founded_year | HQ Location |
Non-alcoholic botanical spirits and canned spritz beverages are manufactured.
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| domain | founded_year | HQ Location |
Offers non-alcoholic spirits for sophisticated cocktails through online sales platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Spiritless
Frequently Asked Questions about Spiritless
When was Spiritless founded?
Spiritless was founded in 2019 and raised its 1st funding round 4 years after it was founded.
Where is Spiritless located?
Spiritless is headquartered in Louisville, United States. It is registered at Louisville, Kentucky, United States.
Who is the current CEO of Spiritless?
Lauren Chitwood is the current CEO of Spiritless. They have also founded this company.
Is Spiritless a funded company?
Spiritless is a funded company, having raised a total of $4M across 1 funding round to date. The company's 1st funding round was a Series A of $4M, raised on Aug 22, 2023.
How many employees does Spiritless have?
As of Dec 31, 2022, the latest employee count at Spiritless is 58.
What does Spiritless do?
Spiritless was founded in 2019 in Louisville, United States, and operates within the non-alcoholic beverages sector. Distilled non-alcoholic spirits, formulated to pair with bourbon cocktails, are provided in 750 ml bottles containing 0.5 alcohol. The platform facilitates access to these products, supporting sober alternatives in the spirits market across the United States.
Who are the top competitors of Spiritless?
Spiritless's top competitors include Aplós, De Soi and The Free Spirits.
What products or services does Spiritless offer?
Spiritless offers Kentucky 74, Jalisco 55, and Old Fashioned Cocktail.