Dokkaebier (2023)

Dokkaebier (2023)

Closed: Jun. 2023

About this raise

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.

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Investment Overview

Invested this round: $331,549

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
01/26/2023
Close Date
06/27/2023
Min. Goal
$75,000
Max Goal
$618,000
Min. Investment

$100

Security Type

SAFE

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$8,000,000

Discount

20%

Company & Team

Company

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
Visit Website

Team

Employees
8
Prior Founder Exits?
No
Founder Name
Youngwon Lee
Title
CEO

Financials

 Revenue +75% YoY
$95,828
as of FY2021
 Monthly Burn
$26,469
as of FY2021
 Runway
1.2 months
as of FY2021

Summary Profit and Loss Statement

FY 2021 FY 2020

Revenue

$95,828

$54,834

COGS

$0

$0

Tax

$0

$2,711

 

 

Net Income

$-317,623

$-344,152

Summary Balance Sheet

FY 2021 FY 2020

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

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$1,368,771
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
06/27/2023 Wefunder $8,000,000 $331,549 SAFE Funded RegCF
11/03/2021 Wefunder $5,000,000 $148,921 SAFE Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Employee History

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Dokkaebier on Wefunder 2023
Platform: Wefunder
Security Type: SAFE
Valuation: $8,000,000

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