Dokkaebier

Early Stage

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

Analytics

Raised to Date: Raised: $179,421

Aggregate Commitments $

Platform

Wefunder

Start Date

05/24/2021

Close Date

11/04/2021

Min. Goal

$75,000

Max. Goal

$300,000

Min. Investment

$250

Security Type

SAFE

Funding Type

RegCF

Series

Seed

Valuation Cap

$5,000,000

Discount Rate

0%

Rolling Commitments $

Status

Active

Reporting Date

10/21/2021

Days Remaining

14

% of Min. Goal

239%

% of Max. Goal

60%

Likelihood of Max
unlikely
Avg. Daily Raise

$1,196

Momentum
cold
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Location

Oakland, California

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Business Type

Growth

Dokkaebier, with a $5 million valuation cap, 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 and has many new recipes being tested. Youngwon Lee founded Dokkaebier in June 2019. The proceeds of the current crowdfunding round, with a minimum target of $75,000 and a maximum target of $300,000, will be used for inventory, operating capital, and marketing. Dokkaebier was the finalist in the 2020 Brewpound Pitch Slam Competition. It also opened a popup in San Francisco and generated $185,000 in the middle of COVID-19.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$54,834

$70

COGS

$0

$0

Tax

$2,711

$0

 

 

Net Income

$-344,152

$-79,347

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$51,272

$21,009

Accounts Receivable

$0

$0

Total Assets

$157,757

$73,218

Short-Term Debt

$6,367

$10,376

Long-Term Debt

$532,700

$100,000

Total Liabilities

$539,067

$110,376

Financials as of: 05/24/2021
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Dokkaebier on Wefunder
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Platform: Wefunder
Security Type: SAFE
Valuation: $5,000,000

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