Ola Brew
Early Stage
Producing world-class beers and ciders using local ingredients in Hawai'i County.
Overview
Raised: $124,756
Total Commitments ($USD)
Platform
Wefunder
Start Date
11/19/2018
Close Date
04/30/2019
Min. Goal
$50,000
Max. Goal
$300,000
Min. Investment
$100
Security Type
Convertible Note
SEC Filing Type
RegCF
Valuation Cap
$10,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
05/05/2019
Days Remaining
Funded
% of Min. Goal
250%
% of Max. Goal
42%
Likelihood of Max
Funded
Avg. Daily Raise
$770
# of Investors
144
Momentum
Funded
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Year Founded
2015
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Location
Kailua Kona, Hawaii
Ola Brew Co. is here, and they want to share their locally sourced and brewed craft beers and ciders with the Hawaii County community. Created by the same people that brought you Hawaiian Ola, the energy drink brand, they plan on using their proven track record with beverages to help grow Ola Brew into Hawaii’s brewery. They already have relationships with 422 partners, such as Whole Foods, Safeway, and 7-Eleven, to leverage. Ola Brew plans on being the first to bring production scale, locally sourced, craft cider to Hawaii, and so far, they’ve raised over $2.5M for the necessary equipment and facilities. Their brewmaster has won multiple gold medals, and they’ve already partnered with local chefs and farmers for sourcing and pairing in their taproom.
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| 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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