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COPPERWORKS

Operating

Big Derby Distilling Co

Food & Beverage · Seattle, WA · Founded 2011

2018 "Distillery of The Year" intends to double whiskey production and sales

Post-money valuation ⓘ
$19.1M
As of Nov 2024 · from Reg CF Offering (2024) · pre-money + amount raised, not a traded price
Total raised
$3,915,608
Crowd $3.8M · Private $106K · 5 rounds since 2019
Latest share price
$0.68
Reg CF · Common Stock · Jun 2024 offering price

Financials

FY2017–FY2025 · from SEC filings · hover any figure for its source
$857K
−$18K
2018
$895K
$3K
2019
$1.0M
−$273K
2020
$846K
$630
2021
$1.0M
−$602K
2022
$906K
−$932K
2023
$1.1M
−$1.0M
2024
$1.3M
−$714K
2025
RevenueNet income — beside revenue when positive, below the line when a loss

Chart shows the most recent 8 fiscal years; 1 earlier year is in the table below.

Metric
FY2017 reviewed
FY2018 reviewed
FY2019 audited*
FY2020 unaudited
FY2021 reviewed
FY2022 reviewed
FY2023
FY2024 unaudited
FY2025 unaudited
Income statement
Revenue
$767,457
$857,229
$895,182
$1,026,360
$846,090
$1,030,662
$905,535
$1,121,350
$1,305,479
Cost of goods sold
$382,706
$400,991
$434,965
$691,142
$471,000
$642,592
$505,380
$454,437
$378,928
Gross margin
50%
53%
51%
33%
44%
38%
44%
59%
71%
Net income
-$30,084
-$17,886
$3,474
-$272,649
$630
-$601,608
-$931,727
-$1,008,806
-$713,729
Taxes paid
$0
$0
$0
$45,928
$0
$0
$0
$56,833
$27,962
Balance sheet
Cash
$35,109
$42,650
$40,581
$7,525
$1,012,605
$104,390
$1,394
$107,811
$5,112
Accounts receivable
$41,086
$38,388
$29,477
$22,246
$84,724
$76,067
$22,308
$0
$6,112
Total assets
$2,304,001
$2,369,835
$2,398,033
$2,873,629
$3,711,026
$9,125,360
$8,329,844
$7,007,440
$6,496,080
Short-term debt
$215,142
$298,862
$295,088
$168,980
$229,114
$2,161,526
$279,595
$550,052
$763,772
Long-term debt
$1,646,112
$1,646,122
$1,680,171
$1,703,818
$1,663,565
$5,221,204
$5,952,554
$0
$5,535,430
Total liabilities
$1,861,254
$1,944,984
$1,975,259
$1,872,798
$1,892,679
$7,382,730
$6,232,149
$550,052
$6,299,202
Other
Headcount
—
6
—
6
6
8
9
—
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
$7.9M
pre-money
$11.7M
pre-money
$15.6M
pre-money
$18.6M
pre-money
Reg CF · Common · Mar 2020
Reg CF · Common · Sep 2021
Reg CF · Common · Mar 2023
Reg CF · Common · Jun 2024

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

Share price over rounds

log scale
$0.68$0.1844$0.05
Feb 2019Jun 2024
Round offering price or verified disclosed saleDisclosed sale, unverified or year-only

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

Share counts as of May 4, 2026
ClassOutstandingVotes / shareShare of totalLast price
Common Stock20,310,5381100.0%$0.68Jun 2024

Principal holders% as the filing states it, May 4, 2026

  • Micah Nutt8,656,746 Common Stock42.6%of company
  • Jason Parker ; Big Derby Distilling Company 40l Plan fbo Jason Parker8,474,547 Common Stock41.7%of company
  • Everyone else (not named in filings)15.7%

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 $497.4K / $618KInvestors 299Post-money $19.1M
Raised $542.9K / $618KInvestors 346Post-money $16.2M
Raised $2M / $5MInvestors 1,115Post-money $13.7M
Raised $779.6K / $1.1MInvestors 414Post-money $8.6M

Team

8 people
Jason Parker
CEO, Director, President, Secretary and Principal Account Officer

Jason was raised in Kentucky and may have a touch of bourbon in his blood. Maybe that’s what got him into craft beer brewing in the early days before there was even a microbrew scene in Seattle. With degrees in chemistry and microbiology and a love of fine beer, he became the first brewer at Pike Place Brewery in 1989. He went on to refine his craft with Fish Brewing Company, Redhook, and work as Brewmaster at Pyramid Breweries. He partnered with Micah Nutt to open Copperworks in 2013. A long-time advocate for craft brewing, craft malting, and craft distilling, Jason served as Board Member and chair of the Washington Distiller’s Guild. He led Copperworks to become a founding member of the American Single Malt Whiskey Commission and now serves on the Board of Directors of the Craft Maltsters Guild.

Jeffrey Kanof
Vice President, Director

Jeff is a recovering attorney, having left his law firm job in New York City for the Northwest to focus on his passion for fine spirits. He cut his teeth in Seattle by helping to launch Letterpress Distilling. Always an avid beer fan, Jeff spent a month in Belgium seeking out some of the world’s best beers. His interest in complex flavors and craftsmanship led him to explore American whiskey. Countless bottles later, he realized he had fallen in love with spirits and the art of mixing drinks. Jeff joined Copperworks in time to help bottle the first batch of spirits and now directs sales and a huge range of other functions at Copperworks. He also serves on the Board of Directors of the American Craft Spirits Association.

Micah Nutt
Vice President, Director

With a background in computer programming, Micah has been a skilled and passionate homebrewer since the 1980s. He and Jason spent two decades homebrewing together before cofounding Copperworks Distilling Company. Micah oversaw the development of the distillery and headed the production department until his retirement. In 2018, Micah was named Distiller Emeritus, having trained several distillers to follow in his footsteps. He now enjoys traveling and spending time with his wife. Among his many talents is wood working; he rebuilt and refined the stunning antique bar featured in Copperworks’ tasting room in downtown Seattle.

Jack Filipponi
Special Projects

Jack recently moved from sunny San Diego to Seattle in search of a new adventure. While studying and playing soccer at Whitman College in Walla Walla, Washington, Jack felt a connection with the Pacific Northwest and, after graduating in 2020, found his way into the spirits industry thanks to a fellow alumnus. Jack finds that when it comes to craft spirits, people are committed to producing an excellent product they are proud to share and he enjoys being part of the collaborative nature of the industry. He currently works on a wide variety of special projects at Copperworks and helps manage a soccer league in the Seattle area.

Mara Funk
General Manager of Kenmore Location

Mara is a native Pacific Northwesterner with a passion for learning, exploring, and sharing a dram. After years behind a desk, she took a deep dive into the world of whiskey and found her true calling. Since 2018, she has been pouring spirits while creating and operating tasting rooms and bars. Creating an atmosphere that is warm and inviting is paramount: Mara believes the experience a guest has begins the moment the door is opened, and a greeting is shared. A gregarious person by nature, Mara loves connecting with family and friends near the waters of the Salish Sea, and, true to her PNW roots, is a pluviophile.

Matt "Skinny" Roberts
Distiller

Hailing from Houston, Texas, Skinny made his way to Seattle in 2016. After a decade as a professional brewer, during which he oversaw barrel aging, special projects, and a recipe development program, Skinny made the transition to distilling by joining the Copperworks team. With a passion for quality and efficiency of process, Skinny takes pride in the act and art of creating. He enjoys building vintage motorbikes and vehicles, playing music, and spending time in the wilderness where he draws inspiration from the Pacific Northwest’s diversity of climates and scenery.

Stefanie Goldstein
Bookkeeper

Stefanie brings over 30 years of bookkeeping and accounting experience to the Copperworks team. She has previously worked for such esteemed organizations as the San Francisco Ballet, Lucasfilm, and Glide Memorial Foundation. A classical singer and voice teacher, she plays regular gigs in the greater Seattle area in a band alongside her husband. Stefanie is part time and works about 10 hours per week.

Thomas Paessler
Head Distiller

Thomas joined Copperworks in 2019 after several years distilling at Sound Spirits Distillery, the first distillery opened in Seattle following Prohibition. Originally from Kentucky, Thomas came to the Pacific Northwest by way of Texas where his career in spirits began behind the bar. In early 2021, Thomas took charge of production operations at Copperworks. Driven by quality and with a clear passion for his craft, he is fascinated by the transformative process of distilling and sees “something very romantic about the relationships in nature and in distillation,” believing that the how and why of doing something is just as important as the technical process.

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 required3+ reports filed & assets ≤ $10M

Filed 5 of 7 annual reports (FY2019–FY2025)

1,115 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 4, 20260001793445-26-000003
    EDGAR
  • Form C/ASep 13, 20240001665160-24-001312
    EDGAR
  • Form CJun 17, 20240001665160-24-000988
    EDGAR
  • Form C-ARMay 3, 20240001665160-24-000786
    EDGAR
  • Form C-UAug 1, 20230001665160-23-001588
    EDGAR
  • Form C/AJun 15, 20230001665160-23-001396
    EDGAR
  • Form C-ARApr 28, 20230001665160-23-001005
    EDGAR
  • Form C-AR/AMar 31, 20230001665160-23-000520
    EDGAR
Source: ManualCIK 0001793445WAShare price $0.68

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.