Ola Brew

Neutral
BETA

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

Analytics

Raised to Date: $726,380

Aggregate Commitments $
Platform

Wefunder

Start Date

02/19/2018

Close Date

04/30/2018

Min. Goal

$50,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

Convertible Note

Funding Type

RegCF

Weekly Commitments $
Status
Funded
Reporting Date

05/06/2018

Days Remaining
Funded
% of Min. Goal

1,453%

% of Max. Goal

68%

Likelihood of Max
Funded
Avg. Daily Raise

$10,377

# of Investors

647

Momentum
Funded
Location

Kailua Kona, Hawaii

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

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.

Summary of Crowdfunding Raises
Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
11/23/2020 StartEngine $19,500,000 $1,068,325 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
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