Fundraising Fox
Austin Cocktails
Austin, US · Founded 2018 · 2 known investors
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Austin Cocktails makes canned, full-strength cocktails at 12.5-15% ABV using premium spirits and natural ingredients sweetened with organic agave. The Texas-based company sells ready-to-drink cocktails positioned as low-calorie and low-carb.
Founders & leadership
Austin Cocktails was founded in 2018 by Jill Burns and Kelly Gasink.
JB
Jill BurnsCo-founderJill Burns co-founded Austin Cocktails (acquired by Constellation Brands in April 2022) with her sister Kelly Gasink. She has prior marketing and PR experience working with sports agent Leigh Steinberg and her own firm JPM, along with beverage development background from a company later purchased by Post Holdings, and graduated from Santa Clara University.
Investors · 2
Reported raises · per SEC filings
Form D private placements$9.4M disclosed across 4 rounds · 2018–2021
▶$2.5MraisedMar 2021 · 2 investors · ManufacturingRule 506(b)
▶$2.5MraisedMar 2021 · 2 investors · Manufacturing
Rule 506(b)Officers, directors & promoters on the filing
- Mark SlusarDirector
- Jill BurnsExecutive Officer, Director
- Stephanie BreedloveDirector
- Kelly GasinkExecutive Officer, Director
- Offering amount
- $7.2M
- Amount sold
- $2.5M
- Sales commissions
- $175K
- Placement agents
- Young America Capital, LLC, Young America Capital, LLC, Young America Capital, LLC
- First sale
- Mar 2021
- Incorporated
- Limited Liability Company, Texas, 2018
- Federal exemptions
- 06b
▶$2.5MraisedFeb 2020 · 2 investors · ManufacturingRule 506(b)
▶$2.5MraisedFeb 2020 · 2 investors · Manufacturing
Rule 506(b)Officers, directors & promoters on the filing
- Jill BurnsExecutive Officer, Director
- Kelly GasinkExecutive Officer, Director
- Stephanie BreedloveDirector
- Mark SlusarDirector
- Offering amount
- $5M
- Amount sold
- $2.5M
- First sale
- Feb 2020
- Incorporated
- Limited Liability Company, Texas, 2018
- Federal exemptions
- 06b
▶$4.3MraisedOct 2018 · 26 investors · OtherRule 506(b)
▶$4.3MraisedOct 2018 · 26 investors · Other
Rule 506(b)Officers, directors & promoters on the filing
- Jill BurnsExecutive Officer, Director
- Kelly GasinkExecutive Officer, Director
- Offering amount
- $4.3M
- Amount sold
- $4.3M
- Minimum investment
- $3M
- Proceeds to insiders
- $481.5K
- First sale
- Oct 2018
- Incorporated
- Limited Liability Company, Texas, 2018
- Federal exemptions
- 06b
▶$124.1KraisedJun 2018 · 4 investors · ManufacturingRule 506(b)
▶$124.1KraisedJun 2018 · 4 investors · Manufacturing
Rule 506(b)Officers, directors & promoters on the filing
- Kelly GasinkExecutive Officer, Director
- Offering amount
- $1.5M
- Amount sold
- $124.1K
- Minimum investment
- $10K
- First sale
- Jun 2018
- Incorporated
- Limited Liability Company, Texas, 2018
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Frequently asked questions
- What does Austin Cocktails do?
- Austin Cocktails makes canned, full-strength cocktails at 12.5-15% ABV using premium spirits and natural ingredients sweetened with organic agave. The Texas-based company sells ready-to-drink cocktails positioned as low-calorie and low-carb.
- Who founded Austin Cocktails?
- Austin Cocktails was founded by Jill Burns, Kelly Gasink in 2018.
- Who are Austin Cocktails's investors?
- Austin Cocktails's investors include Central Texas Angel Network, Terpsi Capital.
- How much funding has Austin Cocktails raised?
- Austin Cocktails has disclosed $9.4M raised across 4 rounds.
- Where is Austin Cocktails headquartered?
- Austin Cocktails is headquartered in Austin, US.