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BOMBARDA RUM

Operating

Bombarda Rum USA, Inc.

Alcohol · Miami, FL · Founded 2020

Blended premium rum in a bottle

Post-money valuation ⓘ
$10.1M
As of Apr 2023 · from Reg CF Offering (2023) · pre-money + amount raised, not a traded price
Total raised
$33,899
Across 2 rounds since 2023
Latest share price
$3.23
Reg CF · Common Stock · Jan 2023 offering price

Financials

FY2020–FY2023 · from SEC filings · hover any figure for its source
$0
−$135K
2020
$384K
−$141K
2021
$197K
−$281K
2022
$289K
−$151K
2023
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2020 reviewed
FY2021 reviewed
FY2022 reviewed
FY2023
Income statement
Revenue
$0
$384,002
$197,479
$288,558
Cost of goods sold
$0
$257,268
$158,606
$171,629
Gross margin
—
33%
20%
41%
Net income
-$135,264
-$140,814
-$280,797
-$150,565
Taxes paid
$0
$0
$0
$2,355
Balance sheet
Cash
$13,661
$54,839
$3,369
$16,139
Accounts receivable
$0
$43,867
$9,965
$73,835
Total assets
$119,827
$474,471
$625,642
$728,884
Short-term debt
$2,070
$0
$215,731
$410,155
Long-term debt
$294,122
$592,799
$381,266
$449,151
Total liabilities
$296,192
$592,799
$596,997
$859,306
Other
Headcount
—
7
0
2

Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited, as the filing’s own report or certification states it. A dashed pill marked * is inferred instead: the SEC minimum for an offering that size, which the issuer may have exceeded. No pill means we couldn’t tell. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Pre-money — the valuation set before each round’s money came in
$10.0M
pre-money
Reg CF · Common · Jan 2023

Blue bars are the pre-money valuation the company stated for a priced round.

Cap table

Principal holders% as the filing states it, Jul 23, 2024

  • James Papagno87.0%of company

Sold to the crowd

From the company's SEC filings: share counts per class, each class's voting and conversion terms, and the holders of 20% or more that Form C requires (officers and 10%+ holders on Form 1-A). Filings name only large holders, so most owners — including crowd investors — are not listed, and a holder's percentage may be of its own class rather than of the whole company. Prices and crowd share counts are in today's share terms — adjusted for splits and conversions since they were sold. Hover a figure for its filing.

Fundraising history

Raised $33.9K / $1.2MInvestors 57Post-money $10.1M
Bombarda Rum Convertible Note 1Withdrawnvia WeFunder
Raised — / $1.1M

Team

8 people
James PapagnoFounder
President, Founder & Admiral of the Fleet

James is responsible for the day-to-day operations of the Company, having been involved in the distilled spirits industry as a brand developer and founder since 2020. James is President of Legendary Spirits Group Inc, a company specializing in development, marketing and sales of craft spirits. James' strong leadership & financial sales background combined with his entrepreneurial spirit has allowed Bombarda Rum to grow exponentially in a short amount of time. Even though James has not spent many years in the spirit business, James applied his creativeness and can-do attitude to bring Bombarda Rum to market and developed a winning production team halfway around the World in the Netherlands. James is committed to excellence in all that he does and Bombarda Rum is a true testament to this statement. What makes something authentic and successful is how a small idea, product disruption, passion, and innovation come together.

David Horton
Team Lead - Export and Retail Travel - Caribbean & Cruise

The role of Dave is to expand European and US controlled state markets as well as open new distribution channels into the Caribbean market. As an export, duty-free, and cruise industry veteran with 26 years of experience, Dave brings a wealth of contacts to Bombarda. With experience in domestic and travel retail markets, Dave has developed luxury goods for airports, cruise ships, border stores, and inflight. Dave is highly skilled in business development, strategic planning, brand building, negotiation, marketing and communication, and talent development. Dave also operates DPH Global and consults wine brands in his field of expertise. Speaks fluent Spanish and French

Greg Goldhaber
Brand Sales Management - National

Versatile brand marketer with a commercial mindset. The success of Bombardas has been attributed to Greg's leadership in establishing relationships with large retail chains. As a result of Greg's dynamic leadership in the field, our sales team has been able to define essential accounts to help the brand grow city by city across Florida. He has experience in corporate and sales management across a variety of industries. As well as co-founding Spirited Insiders, Greg leads a team that develops new spirit brands entering the market.

John Fara
Sales Manager - Off Premise Accounts - Florida

Contracted by Bombarda Rum, John is responsible for Florida Off - Premise sales. The responsibilities include managing Total Wines & Beyond as well as independent liquor chains throughout Florida and soon, in other states. Aside from developing and tracking customer orders, John also resolves customer problems and ensures complete customer satisfaction. With a can-do attitude, John knows how to maintain and cultivate successful off-premise and on-premise accounts for the brand. In addition, John is the sole owner of Wolfpack Wine and Spirits and is an independent contractor for Bombarda Rum. Bombarda hopes to promote John to National Sales Manager soon.

Michael Garcia
Board Member, Born Entrepreneur - Lover of adventure and fine rums.

Michael is passionate about Bombarda Rum and assists Bombarda in the matters of brand awareness, sales management and is our lead investor. Michael is always lending a hand at driving sales locally in the Miami area and advice on financial matters. His success as an entrepreneur and business leader is a great asset to the team.

Miriam Gilmore
Secretary and E - Campaign Manager

Miriam Gilmore has been involved with Bombarda Rum from the beginning. She works part time as Bombarda Rum's executive secretary, developing social media campaigns and designing social media channels. Miriam is responsible for creating and implementing a social media strategy. The company will eventually hand over management of these channels to a national social media company after the Start Engine raise.

Pablo Rovalo
Director - Production Team Lead - Europe

Leveraging his leadership skills and tenured industry experience, Pablo’s focus is on delivering the most efficient manufacturing and production of Bombarda. Pablo is experienced in managing brand growth, production planning & process management. Pablo additionally excels in design, one of the most crowded and contested categories, while performing a balancing act of product development and manufacturing. Pablo is responsible for sourcing and organizing all dry goods, product logistics, and Bombarda's production. Additionally, Pablo manages incoming purchase leads and distributor inquiries for Bombarda's expansion in Europe. Once the Start Engine raise is complete, Pablo will hand off this role to a new sales director for our European division, Bombarda Rum EU, SL. As a minor owner, Pablo keeps the line running and all that we need to accomplish to get the product to market. Pablo is also an independent brand designer and owner of his own firm - Singular Glass and operates his role from Barcelona Spain.

WK Domico
Distribution Manager - National

WK brings his extensive premium product knowledge, sales success across multiple markets, and leadership to propel Bombarda Rum's growth across Florida and other states. WK’s Proven ability to develop new client accounts, sales team management and planning skills, combined with the ability to coordinate the efforts of many to meet organizational goals. As co-owner of Spirited Insiders Inc, Wk continues to drive growth for Bombarda Rum across multiple sales channels with a sales team of 7 people across the state of Florida. WK is also the co-founder of Spirited Insiders, a firm specializing in developing new spirits brands. Specialties: budgeting, customer relations, directing, driving, estimating, management, marketing, proposal writing, recruiting, sales, strategic planning, territory management,

Names and titles as disclosed on SEC Form C, StartEngine. Bios and photos come from the platform campaign page and may be out of date.

Reg CF annual-report compliance

Not requiredFiled Form C-TR (terminated reporting)

Filed 2 of 4 annual reports (FY2022–FY2025)

57 investors
holder-count proxy

Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.

SEC filings

  • Form C-ARJul 23, 20240001938496-24-000003
    EDGAR
  • Form C-TRJul 23, 20240001938496-24-000004
    EDGAR
  • Form C-ARMay 22, 20230001938496-23-000001
    EDGAR
  • Form C-UApr 26, 20230001665160-23-000871
    EDGAR
  • Form C/AMar 21, 20230001665160-23-000448
    EDGAR
  • Form CJan 18, 20230001665160-23-000091
    EDGAR
  • Form C-WAug 16, 20220001670254-22-000847
    EDGAR
  • Form CJul 19, 20220001670254-22-000761
    EDGAR
Source: ManualCIK 0001938496FLShare price $3.23

About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.