Local Roots Kombucha

Growth Stage

A Brew for a Better Tomorrow

Analytics

Raised to Date: Raised: $363,907

Aggregate Commitments $

Platform

StartEngine

Start Date

06/08/2021

Close Date

12/06/2021

Min. Goal

$9,999

Max. Goal

$1,070,000

Min. Investment

$247

Security Type

Equity - Common

Funding Type

RegCF

Series

Seed

Pre-Money Valuation

$42,385,853

Rolling Commitments $

Status
Funded
Reporting Date

12/31/2021

Days Remaining
Funded
% of Min. Goal

3,639%

% of Max. Goal

34%

Likelihood of Max
Funded
Avg. Daily Raise

$2,011

Momentum
Funded
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Location

Vista, California

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Business Type

Growth

Local Roots Kombucha, with a pre-money valuation of $42.4 million, is raising funds on StartEngine. The business makes bold hard kombucha which pushes the boundaries for the next-gen, better-for-you alcohol. The hard kombucha of Local Roots Kombucha is all-organic, plant-based, functional, and great tasting. Joe Carmichael and Ryan White founded Local Roots Kombucha in January 2017. The proceeds of the current crowdfunding round, with a minimum raise of $9,999 and a maximum raise of $1,069,999, will be used for marketing, innovation, and expansion. Local Roots Kombucha has grown from number 5 to number 2 in category growth and up by 284% since COVID.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$1,793,488

$565,376

COGS

$1,239,530

$176,978

Tax

$0

$0

 

 

Net Income

$-1,751,520

$-368,712

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$325,115

$83,026

Accounts Receivable

$54,073

$42,312

Total Assets

$2,151,855

$673,732

Short-Term Debt

$558,563

$292,295

Long-Term Debt

$2,900,836

$409,829

Total Liabilities

$3,459,399

$702,124

Financials as of: 06/08/2021
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Local Roots Kombucha on StartEngine 2021
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Platform: StartEngine
Security Type: Equity - Common
Valuation: $42,385,853

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