Ola Brew

Ola Brew

Growth Stage

Make History with Hawai’i’s Fastest Growing Brewery

Make History with Hawai’i’s Fastest Growing Brewery

Overview

Raised to Date: Raised: $3,310,734

Total Commitments ($USD)

Platform

StartEngine

Start Date

07/17/2023

Close Date

10/16/2023

Min. Goal
$14,998
Max. Goal
$4,999,999
Min. Investment

$497

Security Type

Equity - Common

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$3.50

Pre-Money Valuation

$36,674,876

Rolling Commitments ($USD)

Status
Funded
Reporting Date

10/30/2023

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

$36,786

# of Investors

1,844

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

Location

Kailua Kona, Hawaii

Business Type

Growth

Ola Brew, with a valuation of $36.67 million, is raising funds on StartEngine. The brewery is based in Kailua Kona, Hawaii, and brews beers and other distilled spirits. In addition to the brewery, Ola Brew has taprooms on Hawaii Island and 800 retail locations across the state of Hawaii. The business is mainly known for its spirit Okolehao which has won 13 international awards and competes with tequila and mezcal. Naehalani Breeland and Brett Jacobson founded Ola Brew in December 2015. The current crowdfunding campaign has a minimum target of $14,997.50 and a maximum target of $5 million. The campaign proceeds will be used for research and development, distillery construction, purchasing equipment, marketing, and inventory.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$8,283,212

$7,224,150

COGS

$5,013,143

$4,508,190

Tax

$0

$0

 

 

Net Income

$-1,332,811

$-364,531

Summary Balance Sheet

FY 2022 FY 2021

Cash

$836,374

$1,319,702

Accounts Receivable

$357,735

$295,125

Total Assets

$15,724,625

$6,846,280

Short-Term Debt

$427,734

$524,281

Long-Term Debt

$8,478,545

$1,242,092

Total Liabilities

$8,906,279

$1,766,373

Financials as of: 07/17/2023
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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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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

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Ola Brew on StartEngine 2023
Platform: StartEngine
Security Type: Equity - Common
Valuation: $36,674,876
Price per Share: $3.50

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