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Clear Water Distilling

Operating

Clearwater Distilling Co LLC

Food & Beverage · Pleasant Grove, UT · Founded 2018

Defiantly Different

Post-money valuation ⓘ
$15.2M
As of Nov 2022 · from Reg CF Offering (2022) · pre-money + amount raised, not a traded price
Total raised
$1,401,166
Crowd $1.3M · Private $110K · 4 rounds since 2018
Latest share price
$4.06
Reg CF · Common Stock · Jul 2022 offering price

Financials

FY2017–FY2024 · from SEC filings · hover any figure for its source
$0
2017
$0
−$21K
2018
$0
−$134K
2019
$90K
−$468K
2020
$321K
−$283K
2021
$669K
−$826K
2022
$619K
−$1.8M
2023
$570K
−$1.5M
2024
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2017 reviewed
FY2018 reviewed
FY2019 reviewed
FY2020 unaudited
FY2021 unaudited
FY2022 unaudited
FY2023 unaudited
FY2024 unaudited
Income statement
Revenue
$0
$0
$0
$90,209
$320,609
$668,693
$619,288
$569,555
Cost of goods sold
$0
$0
$0
$104,599
$240,945
$99,846
$150,459
$193,326
Gross margin
—
—
—
-16%
25%
85%
76%
66%
Net income
$0
-$21,322
-$133,808
-$467,926
-$283,083
-$826,238
-$1,799,843
-$1,497,582
Taxes paid
$0
$0
$0
$0
$0
$0
$0
$0
Balance sheet
Cash
$0
$45,516
$20,652
$46,721
$134,591
$28,552
$29,785
$89,985
Accounts receivable
$0
$0
$0
$0
$0
$34,213
$44,857
$29,430
Total assets
$0
$45,516
$122,994
$184,073
$544,938
$754,141
$711,698
$789,301
Short-term debt
$0
$13,339
$91,228
$0
$0
$687,062
$631,370
$262,673
Long-term debt
$0
$0
$46,659
$41,025
$47,783
$455,857
$1,236,732
$3,209,454
Total liabilities
$0
$13,339
$137,887
$41,025
$47,783
$1,142,919
$1,868,102
$3,472,127
Other
Headcount
—
1
1
2
6
—
12
12

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
$7.5M
pre-money
$15.0M
pre-money
Reg CF · Common · Oct 2019
Reg CF · Common · Jul 2022

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

Share price over rounds

log scale
$9.8032$1.8076$0.3333
Apr 2018Jul 2022
Round offering price or verified disclosed saleDisclosed sale, unverified or year-onlyDown round · Aug 2020 (-83.5%)

Disclosed sales come from the issuer's own filings (prior-offering lines, audited-statement notes) and are amount ÷ securities sold. A down round is a firm point more than 25 % below the previous firm point of the same share class on a comparable basis; the comparison ignores unverified and year-only lines.

Cap table

Principal holders% as the filing states it, Jul 1, 2022

  • Owned Matthew D Eau1,801,000 shares63.3%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 $223.7K / $5MInvestors 232Post-money $15.2M
Raised $1.1M / $1.1MInvestors 2,047Post-money $8.6M

Team

5 people
James PyleFounder
Operations / Doer of Things

Day to day operations. You only have to ask once and James get it done.

Matt Eau ClaireFounder
CEO / Manager/ Godfather

Led Multiple multi-million dollar projects. Nearly 25 years of business experience.

Stephanie Eau ClaireFounder
Accounting / PMO / Mother hen

Head of customer experience. Organizational Lead and glue for the team.

Adam Opalek
Sales Advisor

Former head of Western sales at High West Distillery. With High West from $0 to being sold for $160 Million.

Factory 6
Marketing Partner

15+ years of experience. Award-winning design and brand strategy

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

Reg CF annual-report compliance

Not required3+ reports filed & assets ≤ $10M

Filed 5 of 7 annual reports (FY2019–FY2025)

2,047 investors
holder-count proxy

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

  • Form C-ARMay 9, 20250001665160-25-001055
    EDGAR
  • Form C-ARMay 9, 20240001665160-24-000822
    EDGAR
  • Form C-UDec 29, 20220001665160-22-003135
    EDGAR
  • Form C-AR/ADec 8, 20220001665160-22-003033
    EDGAR
  • Form C/AOct 27, 20220001665160-22-002819
    EDGAR
  • Form C/ASep 27, 20220001665160-22-002502
    EDGAR
  • Form CJul 1, 20220001665160-22-001961
    EDGAR
  • Form C-ARApr 27, 20220001665160-22-000946
    EDGAR
Source: ManualCIK 0001785581UTShare price $4.06

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.