Dokkaebier

Early Stage

Bringing Asian-influenced brews and diversity to the craft beer scene

Overview

Raised to Date: Raised: $209,812

Total Commitments ($USD)

Platform

Wefunder

Start Date

01/26/2023

Close Date

04/30/2023

Min. Goal

$75,000

Max. Goal

$618,000

Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$8,000,000

Discount

20%

Rolling Commitments ($USD)

Status

Active

Reporting Date

03/23/2023

Days Remaining

38

% of Min. Goal

280%

% of Max. Goal

34%

Likelihood of Max
unlikely
Avg. Daily Raise

$3,747

# of Investors

142

Momentum
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Year Founded

2021

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Location

Oakland, California

Business Type

Growth

Company Website

Dokkaebier, with a valuation of $8 million, is raising funds on Wefunder. The company is bringing the Asian flavor to the craft beer industry with its Asian-influenced brews. The business has launched many exquisite flavors, including Kimchi Sour, Milk Stout, Yuza Blonde, and Bamboo Pilsner, and has many new recipes being tested. Dokkaebier sells at over 400 retail locations and reported a 228% year-over-year account growth in 2022. Youngwon Lee founded Dokkaebier in June 2019. The current crowdfunding campaign has a minimum target of $75,000 and a maximum target of $618,000. The campaign proceeds will be used for brewery acquisition costs, inventory, and operating capital.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$95,828

$54,834

COGS

$0

$0

Tax

$0

$2,711

 

 

Net Income

$-317,623

$-344,152

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$31,125

$51,272

Accounts Receivable

$32,380

$0

Total Assets

$67,105

$157,757

Short-Term Debt

$85,123

$6,367

Long-Term Debt

$739,655

$532,700

Total Liabilities

$824,778

$539,067
Financials as of: 01/26/2023
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Dokkaebier 04/30/2023 Wefunder $8,000,000 $209,812 SAFE Active RegCF
Dokkaebier 11/03/2021 Wefunder $5,000,000 $148,921 SAFE Funded RegCF
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Dokkaebier on Wefunder 2023
Platform: Wefunder
Security Type: SAFE
Valuation: $8,000,000

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