Dokkaebier

Dokkaebier

Early Stage

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

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

Overview

Raised this Round: Raised: $331,549

Total Commitments ($USD)

Platform

Wefunder

Start Date

01/25/2023

Close Date

06/27/2023

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%

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

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

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

Financials as of: 01/25/2023
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Dokkaebier 06/26/2023 Wefunder $8,000,000 $331,549 SAFE Funded RegCF
Dokkaebier 11/02/2021 Wefunder $5,000,000 $148,921 SAFE Funded RegCF
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

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.

Employee History

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

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