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Angel - II | Alive

Total Raised


Last Raised

$50K | 9 mos ago

About Cardinal Spirits

Cardinal Spirits is a craft distillery that focuses on producing a variety of spirits using local ingredients. Their main offerings include whiskeys, rums, vodkas, gins, canned cocktails, liqueurs, and brandy. They also provide distillery tours and have a tasting room for customers to enjoy their products. It is based in Bloomington, Indiana.

Headquarters Location

922 S. Morton St.

Bloomington, Indiana, 47403,

United States




Expert Collections containing Cardinal Spirits

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Cardinal Spirits is included in 1 Expert Collection, including Alcohol Tech.


Alcohol Tech

1,184 items

Companies focused on the production, distribution, and consumption of alcohol. This collection includes companies such as craft distilleries, e-commerce platforms, mobile apps, connected appliances, and alcohol substitutes, among others.

Latest Cardinal Spirits News

Demand for Craft Rum is Expected to Progress at a CAGR of 5.5% to Reach US$ 2.5 Billion by 2031 | TMR Report

Aug 17, 2023

Companies Covered  Bacardi Limited, Cardinal Spirits LLC, Merser & Co., Muddy River Distillery, Kōloa Rum Company, Lyon Distilling Company LLC, Arizona Craft Beverage, Inc., Stilldistilling Spirits Pvt. Ltd., Devon Rum Company, Wicked Dolphin Rum, 25° South Distillery, Bristol Spirits Ltd., La Hechicera Company, Burning Barn Rum Key Findings of the Market Report Craft rum is quite popular among millennials. During the projection period, market growth is predicted to be fueled by the youthful, wealthy population's rapid expansion. Older people typically like rum that is mass-produced. Millennials favor luxury imports, flavored beverages, and handcrafted spiced rum. Market Trends for Craft Rum Young adults like to drink flavor-varying artisan rums. The demand for artisan rum in these establishments is increasing since millennials frequently congregate in bars and restaurants. Boomers as well as Gen X consumers of drinks made in micro-distilleries are increasing. During the projected period, growth in the tourist and hospitality industries in emerging nations is anticipated to fuel demand for artisan rum. An increase in the total number of early retirement cases and discretionary cash has resulted in an increase in the number of holidays and parties both domestically and abroad. Artisan rum usage and that of other alcoholic beverages is increasing globally. Craft Rum Regional Market Outlook The adoption of a contemporary lifestyle by more people and the expansion of the hospitality and tourism sectors are expected to drive market trends in Asia Pacific over the forecast period. The increase in the number of craft rum market participants and the rise in alcohol use among the younger generation in nations like Germany, the United Kingdom, France, Canada, Mexico, and the United States are what are driving the market in North America as well as Europe. Global Craft Rum Market: Key Players To introduce new items to the market, the majority of businesses invest much in research and development efforts. They are implementing mergers and acquisitions partnership, and cooperation methods to increase their craft rum market share. Several well-known companies that compete in this market include Bacardi Limited, Cardinal Spirits LLC, Merser & Co., Muddy River Distillery, Kloa Rum Company, Lyon Distilling Company LLC, Arizona Craft Beverage, Inc., Stilldistilling Spirits Pvt. Ltd., Devon Rum Company, Wicked Dolphin Rum, 25° South Distillery, Bristol Spirits Ltd., La Hechicera Company, and Burning Barn Rum. Some developments by the key players in the global market for craft rum are: Blackstrap Rum was released in Indiana, United States, in October 2022 as a limited-edition single barrel. This rum was given a fruity flavor by being matured in the company's toasted-oak brandy barrels. Kloa Rum Company received several honors in 2022 for their cutting-edge rum, including the San Francisco World Spirits Competition, SIP Awards, TAG Spirit Awards, and Ultimate Spirits Challenge. Bristol Spirits Ltd. introduced nine new lines at the beginning of the autumn of 2022. If You want to Purchase Specific Insights by Segment/Region/Competitor, Request for Customization: Global Craft Rum Market Segmentation Product Type About Transparency Market Research Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information. Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports. Contact:

Cardinal Spirits Frequently Asked Questions (FAQ)

  • Where is Cardinal Spirits's headquarters?

    Cardinal Spirits's headquarters is located at 922 S. Morton St., Bloomington.

  • What is Cardinal Spirits's latest funding round?

    Cardinal Spirits's latest funding round is Angel - II.

  • How much did Cardinal Spirits raise?

    Cardinal Spirits raised a total of $1.28M.

  • Who are the investors of Cardinal Spirits?

    Investors of Cardinal Spirits include The IU Angel Network and Paycheck Protection Program.

  • Who are Cardinal Spirits's competitors?

    Competitors of Cardinal Spirits include Catoctin Creek Distilling and 4 more.


Compare Cardinal Spirits to Competitors

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Iron Wolf Ranch & Distillery

Iron Wolf Ranch & Distillery focuses on the production of craft spirits within the beverage industry. Their products include a diverse collection of spirits made from premium and natural ingredients, offering a unique taste of Texas. The company caters to consumers looking for authentic, locally-produced alcoholic beverages. It was founded in 2014 and is based in Spicewood, Texas.

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Caledonia Spirits

Caledonia Spirits is a distillery focused on the production of spirits in the beverage industry. The company offers a range of spirits, including gin and rye whiskey, with a focus on capturing the unique flavors of the agricultural landscape. The company primarily sells to the beverage industry. It was founded in 2009 and is based in Montpelier, Vermont.

Block Distilling Company

Block Distilling Company focuses on the artisanal production of spirits such as gins, whiskies, and vodka within the beverage industry. They employ a blend of culinary and chemistry techniques to create a diverse range of unapologetic spirits intended to bring people together. The company caters to a community of diverse individuals seeking quality and artful spirits. It is based in Denver, Colorado.

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Bourbon & Boots

Bourbon & Boots is a lifestyle blog with a focus on rustic themes and southern living. The blog offers a wide range of content including articles on bourbon appreciation, boot fashion, outdoor activities, home decor, and more. It serves as a platform for individuals interested in southern culture, providing insights into various aspects of life such as food and drink, family, health, and business. It is based in Little Rock, Arkansas.

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Rebecca Creek Distillery

Rebecca Creek Distillery specializes in the production of craft whiskeys and vodkas within the spirits industry. Their main offerings include a range of whiskeys such as small batch blended bourbon, straight bourbon, and double barrel bourbon, as well as a variety of flavored vodkas, all made using water from the Edwards Aquifer. It is based in San Antonio, Texas.


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