Ola Brew

Ola Brew

Early Stage

Producing world-class beers and ciders using local ingredients in Hawai'i County.

Producing world-class beers and ciders using local ingredients in Hawai'i County.

Overview

Raised this Round: Raised: $726,380

Total Commitments ($USD)

Platform

Wefunder

Start Date

02/18/2018

Close Date

04/30/2018

Min. Goal
$50,000
Max. Goal
$1,070,000
Min. Investment

$100

Security Type

Convertible Note

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$7,000,000

Discount

15%

Year Founded

2015

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Location

Kailua Kona, Hawaii

Who Should Be Interested:
Do you live in Hawaii? Are you already familiar with Hawaiian Ola? Are you ready for Hawaii County to have its own brewery? If you said yes, then investing in Ola Brew Co. might be what you’ve been waiting for! The same people that brought you Hawaiian Ola now want to bring you locally sourced craft beers and ciders -- and decrease the reliance on imported alcohols.

The Company:
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. For example, they already have relationships with 422 partners, such as Whole Foods, Safeway, and 7-Eleven, and they plan on leveraging those relationships for Ola Brew. They plan on being the first to bring production scale, locally sourced, craft cider to Hawaii, and so far, they’ve raised over $900,000 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. Plus, it’s clear that people want them to succeed, as they raised almost $500,000 on Wefunder in May 2017 from just 387 investors.

The Bottom Line:
Most beer and cider consumed in Hawaii is imported -- and Ola Brew wants to change that. They want to take care of the land and take care of their community, and they believe this company can do that. They believe in the Hawaiian proverb, “I nā mālama ‘oe i ka ‘āina, na ka ‘āina malama iā ‘oe,” which says, “If you take care of the land, the land will take care of you.” Let’s raise a glass, and cheers to that.
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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

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Ola Brew on Wefunder
Platform: Wefunder
Security Type: Convertible Note
Valuation: $7,000,000

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