CONFIDENTIAL INVESTOR SUMMARY

The reposado of rum.

A 100% additive-free Colombian rum built by two Columbus women — blending unaged pot still and 4-year aged column still rum into a clean, premium spirit that drinks like a reposado, at a fraction of the price.

RAISING $350,000 (SAFE)  ·  VALUATION CAP $4M  ·  DRINKESTHER.COM
NEW $150K of this raise is reserved for the Esther Women's Circle →
Esther Rum bottle

The Esther Women's Circle

Female founders remain a small fraction of who gets funded, and women are significantly underrepresented as investors too, even in early-stage, private rounds like this one. This raise reflects that directly: $150,000 of it is set aside for women investors who want an early stake in a brand built by women.

~2%

of global venture capital goes to female-founded companies. (Crunchbase / PitchBook)

78¢ vs 31¢

Revenue generated per $1 of funding — female-founded startups vs. male-founded startups. (Boston Consulting Group, 2018)

15.4%

of VC partner or decision-making roles are held by women — and more than three-quarters of firms have no female partner at all. (Founders Forum Group, 2025)

Terri Barnett

“Margaret and Emunah identified a real and relatable gap in the market: there is no ‘cool’ rum brand that I could name! I didn't even think I liked rum. In fact, I am now a full-fledged rum drinker who actually enjoys sipping Esther straight or on the rocks. I am proud to be an investor in Esther Rum, a women-owned brand that I fully believe will evolve the rum category and make a lasting mark in the world of spirits.”

Terri Barnett
Co-owner, VP & real estate agent, RE/MAX Main Street — Bexley, OH
Jeanmarie Loria

“I invested in Esther because it fills a clear gap in the market with an exceptional spirit, one that everyone who drinks it (not just rum drinkers) falls in love with. I've seen this firsthand! But even more so, Margaret and Emunah, the founders behind Esther, have a crystal clear vision for the brand and know how to execute in such a creative and differentiated way. This combination of top tier product and founding team is what I believe will make Esther a massive success.”

Jeanmarie Loria
CEO, Advize Health
MINIMUM INVESTMENT
$10,000
Lowered from our standard $25,000 minimum, for Women's Circle investors only.
RAISED SO FAR
$55,000 of $150,000
$25,000 + $20,000 + $10,000 = $55,000 — 37% of the Women's Circle allocation committed.
SEASONAL GIFT PACKAGES
A seasonal Esther gift package throughout Year 1 — bottles, merch, and small extras, delivered each season.
ANNUAL GATHERING
A yearly gathering in Columbus, OH or NYC — an in-person night with the founders and the rest of the Circle.
FOUNDING CIRCLE RECOGNITION
Opt in to be listed by name or initials as a Founding Women's Circle investor, on our site and in future investor materials.

Not a rum brand. A brand that happens to be rum.

Rum is a massive $28.4 billion global category, but nobody walks into a bar and orders a rum brand by name. There's no call brand. No cultural icon. Esther is here to change that.

Esther is a premium, additive-free Colombian rum, referred to as "the Reposado of Rum" for its tequila-adjacent profile that's familiar and accessible to the tequila drinker market, and anyone "not yet" a rum drinker.

It's founded and owned by Margaret Kerr-Jarrett and Emunah Winer, who previously built Nihilo Design Agency and co-founded Casa Malka Tequila before launching Esther in February 2026. Esther is currently distributed throughout Columbus, Ohio, with statewide expansion underway ahead of a national rollout.

A queen.

Queen Esther was a Persian queen who used courage and wit to save her people — ancient, culturally resonant, and claimed across faiths.

A chemical.

Fermentation-born esters that shape the spirit's flavor.

A cane spirit.

100% additive-free Colombian rum that drinks like a reposado.

“The goal is not to get people to fall in love with rum, but to fall in love with Esther — which happens to be rum.”
Margaret Kerr-Jarrett and Emunah Winer, Esther Rum co-founders

Margaret Kerr-Jarrett + Emunah Winer, co-founders

Nihilo Agency → Casa Malka Tequila → Esther.

  • Award-winning brand/marketing agency owners turned founders.
  • Co-founded Casa Malka, a breakout tequila in a crowded market.
  • Speed, taste, and execution are the unfair advantage.
  • Mothers of 3 children each.
@nihilo.agency @drinkesther @casamalkatequila
$28.4B

Global rum category — but no call brand, no cultural moment. Except Esther.

3.9%

YoY volume growth in super-premium rum in 2025 — one of the only alcohol categories actively growing. (DISCUS)

$36.99

Esther's price point — riding the same premiumization wave that built Tequila, at a more competitive price than premium tequila.

100%

Additive-free. Most rum on the market contains additives. Esther does not.

The Reposado of Rum

Esther, the Reposado of Rum poster

A signature blend of unaged pot still and 4-year aged column still rum, distilled in Cali, Colombia. The pot still brings complexity. The column still brings smoothness. The result is a clean rum that drinks like a premium reposado tequila and costs less than one.

Tasting notes: ripe stone fruit, grassy agricole, and toasted oak, with a smooth finish of caramel, anise, and vanilla.

100% additive-free 0g sugar, 0g carbs Women-owned Ohio-owned
THE ESTHER CUSTOMER

Likes good drinks, experiments with at-home cocktails, is a tequila fan — but never thought to put a rum on their barcart.

REAL REACTIONS — COLUMBUS TASTINGS, 2026
“My taste buds and eyes are not matching up. It tastes like tequila but it says rum.”
“I didn't think I liked rum but I love this.”

Esther is already beating established rum giants in its top accounts

In a sampling of Esther's target accounts, we consistently outsell both Bumbu and Diplomático Reserva — multinational rum brands with wide distribution and years of consumer presence — head to head, on the same shelf, just 5 months after launch.

Swipe to see all three brands →

RetailerEsther RumBumbu RumDiplomático
Arena Wine and Spirits304929
Chateau Wine & Spirits – Dublin19117
Giant Eagle Market District1985
1837 Wine and Spirits Emporium1249
Total807250

Esther's top 4 accounts by volume, all three brands co-located. Columbus, OH, July 2026. OHLQ audited data.

Building culture, not just selling rum

  • 200–300+ people at packed kickoff parties, bar takeovers, and raves (Rooh Day Rave, Budd Dairy Tiki Takeover).
  • Guerrilla campaign truck at Bar Convent Brooklyn (~5,000 attendees).
  • "Rum Runners" club — a scalable playbook for new markets.
  • Direct activation-to-placement conversion at real accounts.

People are paying attention

  • Featured in The Brand Identity, Dieline, BevNet, Columbus Underground, Columbus Business First, and Startup CPG Newswire.
  • 3,811 Instagram followers · 2,000 Substack subscribers.
Esther Rum press features
In the pressCoverage from The Brand Identity, Dieline, BevNet, Columbus Underground, Columbus Business First, and Startup CPG Newswire.
@drinkesther Instagram grid
@drinkestherThe Instagram grid behind the culture — activations, bar takeovers, and the "Rum is the new Tequila" campaign.

First Ohio, then the world.

Next: Cincinnati → Cleveland. Launching a premium rum in the 9th largest liquor market in the US is unexpected — that's the unfair advantage.

Brands with real tribes get acquired

Gallo acquired Four Roses Distillery for $775M and Whiny Baby (a Gen Z wine brand). Tito's acquired LALO Tequila. Brands that build genuine consumer tribes in underdeveloped categories get acquired — that is the outcome Esther is building toward.

Raising an additional $350,000 (SAFE)

COMMITTED TOWARD THIS RAISE$80,000 of $350,000
$25,000 + $20,000 + $10,000 committed via the Women's Circle ($55,000), plus $25,000 committed outside it — $80,000 total.
Already raised$220,000 + $80,000 founder investment
Valuation cap$4,000,000
Minimum investment$25,000
Minimum investment — Esther Women's Circle$10,000
Reserved for the Esther Women's Circle (separate from the general raise)$150,000 ($55,000 raised)
Runway~12 months — saturate Ohio

Use of funds: digital, OOH, tastings, events, field team, partnerships, retail assets, inventory (COGS), inbound freight, and compliance.

First Ohio, then the world.