Ola Brew

Ola Brew

Growth Stage

World class Hawaii made seltzers

Overview

Raised to Date: Raised: $1,068,325

Total Commitments ($USD)

Platform

StartEngine

Start Date

08/30/2020

Close Date

11/23/2020

Min. Goal
$9,999
Max. Goal
$1,069,875
Min. Investment

$225

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.25

Pre-Money Valuation

$19,500,000

Rolling Commitments ($USD)

Status
Funded
Reporting Date

11/29/2020

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

$12,718

# of Investors

1,201

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

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

$2,337,878

Total Liabilities

$5,970,030

$4,126,424

Financials as of: 08/30/2020
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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
Platform: StartEngine
Security Type: Equity - Common
Valuation: $19,500,000
Price per Share: $2.25

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