About The Free Spirits
The Free Spirits is a company based in Mill Valley (United States) founded in 2019.. The Free Spirits has raised $354.5 thousand across 1 funding round. The Free Spirits offers products and services including Non-Alcoholic Tequila, Non-Alcoholic Bourbon, Non-Alcoholic Gin, Margarita Cocktail, and Negroni Cocktail. The Free Spirits operates in a competitive market with competitors including De Soi, Aplós, Spiritless, Optimist Drinks and Abstinence Spirits, among others.
- Headquarter Mill Valley, United States
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Sectors
RetailConsumer
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Phone
*********
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Website
*********
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Social
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- Legal Name Tfsc Inc
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Annual Revenue
$1.62 M0as on Dec 31, 2022
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Net Profit
$-835.21 K0as on Dec 31, 2022
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EBITDA
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Total Equity Funding
$354.5 K (USD)
in 1 rounds
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Latest Funding Round
$354.5 K (USD), Seed
Mar 21, 2023
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Investors
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Employee Count
Employee Count
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Products & Services of The Free Spirits
The Free Spirits offers a comprehensive portfolio of products and services, including Non-Alcoholic Tequila, Non-Alcoholic Bourbon, Non-Alcoholic Gin, Margarita Cocktail, and Negroni 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.
Substitute for traditional tequila in cocktails.
Whiskey alternative for non-alcoholic drinks.
Gin substitute with botanical flavors.
Non-alcoholic version of classic margarita.
Alcohol-free take on traditional negroni mix.
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Head Team
2 people
Software Development Team
1 people
Leadership Team
1 people
Sales and Marketing
1 people
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Funding Insights of The Free Spirits
The Free Spirits has successfully raised a total of $354.5K through 1 strategic funding round. The most recent funding activity was a Seed round of $354.5 thousand 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 1
- Last Round Seed — $354,500
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First Round
First Round
(21 Mar 2023)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2023 | Amount | Seed - The Free 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 The Free 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 - The Free 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 |
The Free Spirits Comparisons
Competitors of The Free Spirits
The Free 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 De Soi, Aplós, Spiritless, 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 |
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| 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 |
Non-alcoholic distilled spirits for cocktails are offered through a platform.
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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 |
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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 The Free Spirits
Frequently Asked Questions about The Free Spirits
When was The Free Spirits founded?
The Free Spirits was founded in 2019 and raised its 1st funding round 4 years after it was founded.
Where is The Free Spirits located?
The Free Spirits is headquartered in Mill Valley, United States. It is registered at Mill Valley, California, United States.
Is The Free Spirits a funded company?
The Free Spirits is a funded company, having raised a total of $354.5K across 1 funding round to date. The company's 1st funding round was a Seed of $354.5K, raised on Mar 21, 2023.
What is the annual revenue of The Free Spirits?
Annual revenue of The Free Spirits is $1.62M as on Dec 31, 2022.
What does The Free Spirits do?
The Free Spirits was founded in 2019 in Mill Valley, United States, as an internet-first brand in the non-alcoholic beverages sector. Non-alcoholic versions of spirits like Milano, bourbon, tequila, and gin are featured in the product catalog. Gift cards are offered alongside recipes for drinks including pink gin and tonics and bourbon shakerato. Operations are conducted primarily through the online platform at drinkfreespirits.com.
Who are the top competitors of The Free Spirits?
The Free Spirits's top competitors include Aplós, Spiritless and De Soi.
What products or services does The Free Spirits offer?
The Free Spirits offers Non-Alcoholic Tequila, Non-Alcoholic Bourbon, Non-Alcoholic Gin, Margarita Cocktail, and Negroni Cocktail.