Ola Brew
About this raise: Ola Brew, with a $19.5 million pre-money valuation, is raising crowdfunding on StartEngine. The company makes world-class Hawaiian beverages, including beers, hard ciders, and hard seltzers. Ola Brew focuses on ethical sourcing of raw material from Hawaii farmers and increases their demand by providing a market for their crops. Brett Jacobson and Naehalani Breeland founded Ola Brew in December 2015. The current crowdfunding campaign of the company has a minimum target of $9,999 and a maximum target of $534,998.25. The funds will be used to continue growing in the seltzer market and pushing the products to new regions and more people. Ola Brew generates revenue through direct draft sales, taproom sales, and distributor sales.
Investment Overview
Invested : $1,068,325
Deal Terms
Total Commitments ($USD)
- Platform
- StartEngine
- Start Date
- 08/31/2020
- Close Date
- 11/23/2020
$9,999
$1,069,875
$225
Equity - Common
Seed
RegCF
$2.25
$19,500,000
Company & Team
Company
- Year Founded
- 2015
- Industry
- Alcohol, Tobacco, & Recreational Drugs
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Medium
- Capital Intensity
- High
Financials
- Revenue +138% YoY
- $3,550,667
- Monthly Burn
- $119,890
-
Runway
- 1.4 months
- Gross Margin
- 47%
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Company Funding & Growth
Funding history
| 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.