Ola Brew

Ola Brew

Early Stage

World class Hawaii made seltzers

Overview

Raised this Round: Raised: $496,140

Platform

Wefunder

Start Date

06/21/2016

Close Date

05/01/2017

Min. Goal
$100,000
Max. Goal
$1,000,000
Min. Investment

$100

Security Type

SAFE

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$7,000,000

Discount

0%

Year Founded

2015

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Location

Kailua Kona, Hawaii

Ola Brew, with a valuation of $7 million, is raising funds on Wefunder. The company makes world-class Hawaiian beverages, including beers, hard ciders, and hard seltzers. Ola Brew focuses on ethical sourcing of raw materials from Hawaii farmers and increases their demand by providing a market for their crops. Ola Brew generates revenue through direct draft sales, taproom sales, and distributor sales and plans to launch its beverage facility and taproom soon. Brett Jacobson and Naehalani Breeland founded Ola Brew in December 2015. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $1 million. The campaign proceeds will be used for the purchase of barrel fermenters and barrel brite tanks.

Summary Profit and Loss Statement

FY 2015 FY 2014

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$0

$0

Summary Balance Sheet

FY 2015 FY 2014

Cash

$0

$0

Accounts Receivable

$0

$0

Total Assets

$0

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 06/21/2016
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Ola Brew 10/15/2023 StartEngine $36,674,876 $3,310,734 Equity - Common Funded RegCF
Ola Brew 11/22/2020 StartEngine $19,500,000 $1,068,325 Equity - Common Funded RegCF
Ola Brew 04/29/2019 Wefunder $10,000,000 $124,756 Convertible Note Funded RegCF
Ola Brew 04/29/2018 Wefunder $7,000,000 $726,380 Convertible Note Funded RegCF
Ola Brew 04/30/2017 Wefunder $7,000,000 $496,140 SAFE Funded RegCF
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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.

Employee History

Funding data not publicly available

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Ola Brew on Wefunder 2017
Platform: Wefunder
Security Type: SAFE
Valuation: $7,000,000

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