Island Brands

Island Brands

Growth Stage

Take it Easy

Take it Easy

Overview

Raised to Date: Raised: $2,435,120

Total Commitments ($USD)

Platform

StartEngine

Start Date

11/24/2021

Close Date

11/16/2023

Min. Goal
$9,998
Max. Goal
$4,750,000
Min. Investment

$245

Security Type

Equity - Preferred

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$7.91

Pre-Money Valuation

$116,846,805

Rolling Commitments ($USD)

Status
Funded
Reporting Date

11/29/2023

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$3,377

# of Investors

1,955

Momentum
Funded
Create a free account today to gain access to KingsCrowd analytics.
Year Founded

2019

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Distribution Model

B2B2C

Margin

Medium

Capital Intensity

High

Location

Charleston, South Carolina

Business Type

Growth

Island Brands, with a valuation of $117 million, is raising funds on StartEngine. The company makes premium-quality beer as a competition to the major corporate brands. The beer of Island Brands is all-clean and brewed using only water, yeast, barley, and hops. The two flagship products of Island Brands are Island Coastal Lager and Island Active. Island Brands is the number one fastest-growing lager brand family in the Southeast and went up 95% in dollar sales. Scott Hansen and Brandon Perry founded Island Brands in March 2019. The current crowdfunding campaign has a minimum target of $9,998.24 and a maximum target of $942,429.04. The campaign proceeds will be used for growth and expansion.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$1,669,081

$2,669,871

COGS

$1,386,043

$2,045,973

Tax

$0

$0

 

 

Net Income

$-3,160,779

$-3,443,157

Summary Balance Sheet

FY 2022 FY 2021

Cash

$156,986

$274,774

Accounts Receivable

$37,721

$244,951

Total Assets

$3,541,533

$711,575

Short-Term Debt

$1,269,988

$884,965

Long-Term Debt

$4,613,239

$0

Total Liabilities

$5,883,227

$884,965

Financials as of: 11/24/2021
Create a free account today to gain access to KingsCrowd analytics.

Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Island Brands 11/15/2023 StartEngine $116,846,805 $2,435,120 Equity - Preferred Funded RegCF
Island Brands 10/28/2021 StartEngine $65,727,003 $4,236,200 Equity - Preferred Funded RegCF
Create a free account today to gain access to KingsCrowd analytics.

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

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.

Employee History

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$25 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.

Ratings KingsCrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.
Add to portfolio
Island Brands on StartEngine 2021
Platform: StartEngine
Security Type: Equity - Preferred
Valuation: $116,846,805
Price per Share: $7.91

Follow company

Follow Island Brands on StartEngine 2021

Buy Island Brands's Deal Report

Warning: according to the close date for this deal, Island Brands may no longer be accepting investments.

Island Brands Deal Report

Get KingsCrowd’s comprehensive report on Island Brands including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether Island Brands is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the Island Brands deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge