Dokkaebier
Bringing Asian-influenced brews and diversity to the craft beer scene
Overview
Raised: $148,921
Total Commitments ($USD)
Platform
Wefunder
Start Date
05/24/2021
Close Date
11/03/2021
Min. Goal
$75,000
Max. Goal
$300,000
Min. Investment
$250
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$5,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
11/30/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$914
# of Investors
128
Momentum
Funded
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Year Founded
2021
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
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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