Series A Round Nearly 65% Committed Totaling $12.7M With Funding To Expand Distribution of Award-Winning Bourbons From Music Legend Neil Giraldo; Public Offered Additional Ownership Opportunities Via WeFunder Campaign
BUFFALO, N.Y., Feb. 16, 2023 /PRNewswire-PRWeb/ -- Three Chord Bourbon, Inc (http://www.ThreeChordBourbon.com), the award-winning bourbon company founded by music legend Neil Giraldo, is proud to announce that a Series A equity raise is underway and has already been met with excitement from multiple investors who have currently committed approximately $8 million of the targeted $12.7 million overall raise. With a collection of award-winning bourbons sought after by whiskey enthusiasts across the country, the round of capital will be used to expand brand distribution from 38 states to the entire continental US, plus strategic international markets. In addition, the company plans to further build its presence in existing markets as a leading craft whiskey producer with deep ties to live music via its Music Ambassadorship program that will bring regional artists into partner venues and via its soon-to-be-launched entertainment podcast, Sipping Sessions, which will unite Giraldo in conversation with icons of entertainment.
Currently, Three Chord's network of distributors consists of leading industry names such as RNDC, Empire Merchants, Johnson Brothers, and Breakthru Beverage. The eight award-winning Three Chord products that are currently available are stocked by major retail chains including Wegmans, Shoprite, BevMo and Specs, as well as more than 3,000 independently operated spirits outlets across the country.
"We are extremely proud of our team's success to date and look forward to all of the great work we plan to do with this next round of funding," stated Neil Giraldo, Three Chord Founder & Chairman who is a Grammy-winning musician, songwriter and producer as well as a 2022 Rock & Roll Hall of Fame inductee. Giraldo continued, "Given the level of excitement we have seen from fans, the brand has decided to offer a portion of the round to the general public via the crowdfunding platform, WeFunder.com. The WeFunder offering allows supporters of Three Chord to be involved in the company's success with a low minimum investment while receiving investor-only perks."
In 2023, the brand will additionally undertake focused marketing and amplification efforts, including the launch of Giraldo's podcast, while expanding its Music Ambassadorship program, a collaborative initiative to bring new music artists to local music venues around the U.S. who carry the Three Chord collection. These efforts will engage brand fans and aficionados while creating a signature series of events for Three Chord across the U.S.
"Three Chord Bourbon is well-positioned to take center stage in the whiskey industry and validate why talent, craftsmanship, family values, and philanthropy are all crucial to a winning formula," commented Mark Pruett, of American Whiskey Magazine & Whiskey Network Magazine.
For accredited investors interested in investments of $25,000 or more, please contact [email protected] to request a full private placement memorandum and information on additional investor benefits such as access to limited edition, investor-only whiskey releases and more. Smaller investments can be made via http://www.wefunder.com/threechordbourbon.
About Three Chord Bourbon
Three Chord Bourbon, Inc. is a mid-stage American whiskey blending house that embraces the spirit of creativity through a unique brand rooted in music. Founded in 2017 by celebrity Neil Giraldo (five-time Grammy award winning musician, producer, and film composer) and whiskey maker Ari Sussman, Three Chord offers eight award-winning bourbon blends that are now sold in 38 states including major retail chains such as Costco, BevMo and Specs. Giraldo's passion for crafting innovative spirits is as strong as his efforts in helping up-and-coming musicians, reflected by the Three Chord Music Ambassador Program as well as various philanthropic efforts, helping Three Chord stand out as the only craft whiskey brand that financially supports and amplifies aspiring musicians. For more information, please visit
http://www.ThreeChordBourbon.com.
About Neil Giraldo
Neil Giraldo is a five-time Grammy award-winning musician, producer, and film composer with over four decades of entertainment experience. A songwriter with a back catalog of more than 100 songs and over 45 million records sold, he has worked with some of the greatest artists in the music industry, including Rick Derringer, Pat Benatar, John Waite, Kenny Loggins, Steve Forbert, the Del-Lords, and Beth Hart. His work has produced numerous Grammy-nominated and Grammy-winning hits, and he holds the distinction of being the first guitar player to appear on MTV. Today, he continues to expand his creative portfolio: in addition to writing new songs for stage and screen, he is writing screenplays for feature films, touring around the country, and reaching out to the community to work with musicians young and old. Giraldo and his wife, Pat Benatar, were recently 2022 inductees into the Rock & Roll Hall of Fame. In addition, Giraldo and Benatar produced a new Broadway-style musical titled Invincible that premiered in November 2022, which masterfully weaves together their repertoire from two multiplatinum albums, five platinum albums, and 15 Billboard top 40 singles into a modern Romeo and Juliet love story. For more information, please visit http://www.benatargiraldo.com.
Media Contact
Shaila Arora, ARORA PR, 1 3107178255, [email protected]
SOURCE Three Chord Bourbon
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