Local Roots Kombucha

A Brew for a Better Tomorrow

Analytics

Raised to Date: $61,790

Aggregate Commitments $
Platform

StartEngine

Start Date

06/08/2021

Close Date

12/06/2021

Min. Goal

$9,999

Max. Goal

$1,070,000

Min. Investment

$247

Security Type

Equity - Common

Funding Type

RegCF

Pre-Money Valuation

$42,385,853

Rolling Commitments $
Status

Active

Reporting Date

06/13/2021

Days Remaining

176

% of Min. Goal

618%

% of Max. Goal

6%

Likelihood of Max
extremely
Avg. Daily Raise

$12,358

# of Investors

49

Momentum
hot
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Location

Vista, California

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Local Roots Kombucha, with a pre-money valuation of $42.4 million, is raising funds on StartEngine. The business makes bold hard kombucha which pushes the boundaries for the next-gen, better-for-you alcohol. The hard kombucha of Local Roots Kombucha is all-organic, plant-based, functional, and great tasting. Joe Carmichael and Ryan White founded Local Roots Kombucha in January 2017. The proceeds of the current crowdfunding round, with a minimum raise of $9,999 and a maximum raise of $1,069,999, will be used for marketing, innovation, and expansion. Local Roots Kombucha has grown from number 5 to number 2 in category growth and up by 284% since COVID.
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