Devotion Vodka

World's First Sugar-Free Vodka

Company Information

Website:

http://www.devotionvodka.com/

Sector:

Alcoholic Beverages

Location:

Red Bank, NJ

Devotion Vodka has created the world’s first sugar-free, gluten-free vodka.

Right now, people are turning to gluten-free and sugar-reduced diets.

The gluten-free market is $16 billion while the sugary beverages market is down 20% in the past five years.

Meanwhile, the U.S. alcoholic beverage industry is massive, valued at $354 billion.

To take advantage of these opportunities, Devotion created its own line of vodka, available in seven different flavors including Wild Cherry, Blood Orange and Coconut.

Since 2010, Devotion has sold more than 1 million bottles of vodka and generated more than $13 million in sales.

In 2014, the company was named Top 50 Spirit by Wine Enthusiast and Breakout Brand of the Year by Beverage World Magazine.

Currently, Devotion Vodka is available at national retailers like Whole Foods, Wegmans and Sam’s Club, as well as leading restaurants such as Hooters and Red Robin.

Team Background

Andrew Adelman - CEO
Raising
$1.07 million
Committed
$19K (2%)
Current Valuation
$24.90 million
Min. Investment
$148
Deal Type
Title III
(For all investors)
Offering Type
Equity
Finance History
  • $11.66 million
    2009-06-01
    Unknown
    (Priced Round)
  • $880K
    2011-02-01
    Unknown
    (Convertible Note)
  • $1.80 million
    2012-07-01
    Unknown
    (Priced Round)
  • $701K
    2015-04-01
    Unknown
    (Priced Round)
  • $1.89 million
    2015-12-01
    Unknown
    (Priced Round)
  • $910K
    2016-12-01
    Unknown
    (Priced Round)
Learn more on WeFunder