Ola Brew

Neutral
BETA

World class Hawaii made seltzers

Analytics

Raised to Date: $1,068,586

Aggregate Commitments $
Platform

StartEngine

Start Date

08/31/2020

Close Date

11/23/2020

Min. Goal

$9,999

Max. Goal

$1,069,875

Min. Investment

$225

Security Type

Equity - Common

Funding Type

RegCF

Series

Seed

Pre-Money Valuation

$19,500,000

Weekly Commitments $
Status
Funded
Reporting Date

11/22/2020

Days Remaining
Funded
% of Min. Goal

10,687%

% of Max. Goal

100%

Likelihood of Max
Funded
Avg. Daily Raise

$12,721

# of Investors

1,171

Momentum
Funded
Location

Kailua Kona, HI

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Business Type

Life Style

Ola Brew, with a $19.5 million pre-money valuation, is raising crowdfunding on StartEngine. The company makes world-class Hawaiian beverages, including beers, hard ciders, and hard seltzers. Ola Brew focuses on ethical sourcing of raw material from Hawaii farmers and increases their demand by providing a market for their crops. Brett Jacobson and Naehalani Breeland founded Ola Brew in December 2015. The current crowdfunding campaign of the company has a minimum target of $9,999 and a maximum target of $534,998.25. The funds will be used to continue growing in the seltzer market and pushing the products to new regions and more people. Ola Brew generates revenue through direct draft sales, taproom sales, and distributor sales.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$3,550,667

$1,493,279

COGS

$1,868,828

$647,020

Tax

$0

$0

 

 

Net Income

$-1,438,683

$-1,085,986

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$172,706

$163,181

Accounts Receivable

$307,991

$125,217

Total Assets

$2,735,208

$2,267,347

Short-Term Debt

$5,399,441

$1,788,546

Long-Term Debt

$570,589

$0

Total Liabilities

$5,970,030

$4,126,424

Summary of Crowdfunding Raises
Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
11/23/2020 StartEngine $19,500,000 $1,068,586 Equity - Common Confirmed Closed RegCF
04/30/2019 Wefunder $10,000,000 $124,756 Convertible Note Confirmed Closed RegCF
04/30/2018 Wefunder $0 $726,380 Convertible Note Confirmed Closed RegCF

Ratings

last updated 11/22/2020

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