Ola Brew
Growth Stage
World class Hawaii made seltzers
Overview
Raised: $1,068,325
Total Commitments ($USD)
Platform
StartEngine
Start Date
08/31/2020
Close Date
11/23/2020
Min. Goal
$9,999
Max. Goal
$1,069,875
Min. Investment
$225
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$2.25
Pre-Money Valuation
$19,500,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
11/30/2020
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$12,718
# of Investors
1,201
Momentum
Funded
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Year Founded
2015
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
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.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$3,550,667 |
$1,493,279 |
|
COGS |
$1,868,828 |
$647,020 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-1,438,683 |
$-1,085,986 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$172,706 |
$163,181 |
|
Accounts Receivable |
$307,991 |
$125,217 |
|
Total Assets |
$2,735,208 |
$2,267,347 |
|
Short-Term Debt |
$5,399,441 |
$1,788,546 |
|
Long-Term Debt |
$570,589 |
$2,337,878 |
|
Total Liabilities |
$5,970,030 |
$4,126,424 |
Financials as of: 08/31/2020
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Ola Brew | 10/16/2023 | StartEngine | $36,674,876 | $3,310,734 | Equity - Common | Funded | RegCF |
| Ola Brew | 11/23/2020 | StartEngine | $19,500,000 | $1,068,325 | Equity - Common | Funded | RegCF |
| Ola Brew | 04/30/2019 | Wefunder | $10,000,000 | $124,756 | Convertible Note | Funded | RegCF |
| Ola Brew | 04/30/2018 | Wefunder | $7,000,000 | $726,380 | Convertible Note | Funded | RegCF |
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