Ola Brew
About this raise: Ola Brew, with a valuation of $36.67 million, is raising funds on StartEngine. The brewery is based in Kailua Kona, Hawaii, and brews beers and other distilled spirits. In addition to the brewery, Ola Brew has taprooms on Hawaii Island and 800 retail locations across the state of Hawaii. The business is mainly known for its spirit Okolehao which has won 13 international awards and competes with tequila and mezcal. Naehalani Breeland and Brett Jacobson founded Ola Brew in December 2015. The current crowdfunding campaign has a minimum target of $14,997.50 and a maximum target of $5 million. The campaign proceeds will be used for research and development, distillery construction, purchasing equipment, marketing, and inventory.
Investment Overview
Invested : $3,310,734
Deal Terms
Total Commitments ($USD)
- Platform
- StartEngine
- Start Date
- 07/18/2023
- Close Date
- 10/16/2023
$14,998
$4,999,999
$497
Equity - Common
Series A
RegCF
$3.50
$36,674,876
Company & Team
Company
- Year Founded
- 2015
- Industry
- Alcohol, Tobacco, & Recreational Drugs
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Medium
- Capital Intensity
- High
Financials
- Revenue +15% YoY
- $8,283,212
- Monthly Burn
- $111,068
-
Runway
- 7.5 months
- Gross Margin
- 39%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $3,045,166
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 10/16/2023 | StartEngine | $36,674,876 | $3,310,734 | Equity - Common | Funded | RegCF |
| 11/23/2020 | StartEngine | $19,500,000 | $1,068,325 | Equity - Common | Funded | RegCF |
| 04/30/2019 | Wefunder | $10,000,000 | $124,756 | Convertible Note | Funded | RegCF |
| 04/30/2018 | Wefunder | $7,000,000 | $726,380 | Convertible Note | Funded | RegCF |
| 05/01/2017 | Wefunder | $7,000,000 | $496,140 | SAFE | Funded | RegCF |
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
Price per Share History
Note: Share prices shown in earlier rounds may not be indicative of any stock splits.