Fundraising Fox

Drake's Organic Spirits

Minnetonka, US · Founded 2016 · Minnesota corporation

Founders & leadership

MF
MARK FOREMANChief Financial Officer and Treasurer
MD
MARK D. ANDERSONNamed on SEC filing
AJ
ADAM JENSENVice President - Documents and Certifications

Reported raises · per SEC filings

Form D private placements

$20.7M disclosed across 5 of 6 rounds · 2017–2023

▶$1.2MraisedMar 2023 · 86 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • WILLIAM HAWKSDirector
  • LAMONT HERMANExecutive Officer, Director
  • JAMES SEXTONDirector
  • THOMAS H LEBONDirector
  • MARK D. ANDERSONDirector
  • LYLE BERMANDirector
  • STEVE OUSLEYExecutive Officer
Offering amount
$1.6M
Amount sold
$1.2M
First sale
Mar 2023
Incorporated
Corporation, Minnesota
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$4.3MraisedFeb 2023 · 24 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • LAMONT HERMANDirector
  • MARK D. ANDERSONExecutive Officer, Director
  • WILLIAM HAWKSDirector
  • JAMES SEXTONDirector
  • LYLE BERMANDirector
  • GLYNN BLOOMQUISTDirector
  • THOMAS H LEBONDirector
Offering amount
$5M
Amount sold
$4.3M
Finders' fees
$18.3K
First sale
Dec 2021
Incorporated
Corporation, Minnesota
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$4MofferedJun 2021 · Other
Rule 506(c)
Officers, directors & promoters on the filing
  • MARK D. ANDERSONExecutive Officer, Director
  • JAMES SEXTONDirector
  • WILLIAM HAWKSDirector
  • THOMAS H LEBONDirector
  • JAMES ALLENExecutive Officer, Director
  • LYLE BERMANDirector
Offering amount
$4M
Minimum investment
$45.8K
Incorporated
Corporation, Minnesota, 2016
Federal exemptions
06c
Full filing on SEC EDGAR ↗
▶$5.9MraisedJun 2021 · 56 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • MARK D. ANDERSONExecutive Officer, Director
  • LYLE BERMANDirector
  • WILLIAM HAWKSDirector
  • JAMES ALLENExecutive Officer, Director
  • JAMES SEXTONDirector
  • THOMAS H LEBONDirector
Offering amount
$10.1M
Amount sold
$5.9M
Minimum investment
$45.8K
Finders' fees
$250.1K
First sale
Jan 2021
Incorporated
Corporation, Minnesota, 2016
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$6.2MraisedOct 2019 · 82 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • MARK D. ANDERSONExecutive Officer, Director
  • THOMAS H LEBONDirector
  • WILLIAM HAWKSDirector
  • JAMES SEXTONDirector
  • LYLE BERMANDirector
Offering amount
$6.2M
Amount sold
$6.2M
Minimum investment
$41K
Finders' fees
$500K
Proceeds to insiders
$500K
First sale
Sep 2018
Incorporated
Limited Liability Company, Minnesota, 2016
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$3.1MraisedApr 2018 · 40 investors · Retailing
Rule 506(b)
Officers, directors & promoters on the filing
  • MARK D. ANDERSONExecutive Officer, Director
  • ADAM JENSENExecutive Officer
  • MARK FOREMANExecutive Officer
Offering amount
$3.1M
Amount sold
$3.1M
Minimum investment
$5.3K
Finders' fees
$162.2K
First sale
Apr 2017
Incorporated
Limited Liability Company, Minnesota, 2016
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

In the news

SEC sues Drake's Organic Spirits founder in $2.4m fraud case - The Spirits Businessthespiritsbusiness.com · Apr 2026Drake's Organic Spirits has filed a notice of an exempt offering of securities to raise $5,000,000.00 in Debt Financing. - intelligence360intelligence360.news · Mar 2023Funding Round Gives Drake's Organic Spirits a Shot of Growth | Twin Cities Businesstcbmag.com · Nov 2019

Frequently asked questions

How much funding has Drake's Organic Spirits raised?
Drake's Organic Spirits has disclosed $20.7M raised across 5 of its 6 known rounds.
Where is Drake's Organic Spirits headquartered?
Drake's Organic Spirits is headquartered in Minnetonka, US.