Crowdonomics
All companies
Elephant Craft Hard Seltzer logo

Elephant Craft Hard Seltzer

Operating

Elephant Craft, Inc.

Food & Beverage · Foothill Ranch, CA · Founded 2020

Get trunk. Here at Elephant Craft, we brew craft, hard seltzers that hit harder, are healthier and make the world happier! We make seltzers using only high-quality, real ingredients; resulting in delicious flavors that pack a punch! With a brand inspired by the African elephant, a core part of our mission is to take care of our home, the Earth -- supporting vulnerable species on the verge of extinction. Our mission is to do good, make good and be good in all that we do.

Post-money valuation ⓘ
$7.1M
As of Oct 2021 · from Reg CF Offering (2021) · pre-money + amount raised, not a traded price
Total raised
$123,633
Across 1 round since 2021
Latest share price
$1.00
Reg CF · Common Stock · Apr 2021 offering price

Financials

FY2019–FY2021 · from SEC filings · hover any figure for its source
$0
2019
$0
−$87K
2020
$100K
−$120K
2021
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2019 reviewed*
FY2020 reviewed*
FY2021
Income statement
Revenue
$0
$0
$99,866
Cost of goods sold
$0
$10,814
$40,471
Gross margin
—
—
59%
Net income
$0
-$86,762
-$119,787
Taxes paid
$0
$0
$800
Balance sheet
Cash
$0
$112
$15,324
Accounts receivable
$0
$0
$308
Total assets
$0
$77,347
$95,417
Short-term debt
$0
$119,109
$129,219
Long-term debt
$0
$45,000
$0
Total liabilities
$0
$164,109
$129,219
Other
Headcount
—
7
2

Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited, as the filing’s own report or certification states it. A dashed pill marked * is inferred instead: the SEC minimum for an offering that size, which the issuer may have exceeded. No pill means we couldn’t tell. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Pre-money — the valuation set before each round’s money came in
$7.0M
pre-money
Reg CF · Common · Apr 2021

Blue bars are the pre-money valuation the company stated for a priced round.

Cap table

Share counts as of Dec 31, 2020
ClassOutstandingVotes / shareShare of totalLast price
Common stock7,000,000—100.0%—

Sold to the crowd

From the company's SEC filings: share counts per class, each class's voting and conversion terms, and the holders of 20% or more that Form C requires (officers and 10%+ holders on Form 1-A). Filings name only large holders, so most owners — including crowd investors — are not listed, and a holder's percentage may be of its own class rather than of the whole company. Prices and crowd share counts are in today's share terms — adjusted for splits and conversions since they were sold. Hover a figure for its filing.

Fundraising history

Raised $123.6K / $1.1MInvestors 142Post-money $7.1M

Team

6 people
Brett LawrenceFounder
Co-Founder

Brett Lawrence, born in Newport Beach, California, is a visionary with numerous successful businesses over his two-decade entrepreneurial career. As the acting CEO of Rancho Las Lomas, Orange County’s renowned private estate and event venue, he has opened various profitable revenue streams and broadened the property's paths to prosperity. Among his notable projects is Towne Park Brewery, which he started in his garage in 2015 ultimately expanding to a 20,000-square-foot brewery and tap room in 2017. As he embarks on this next venture, he is able to apply his multitude of experience in business operations and ownership to Elephant Craft.

Ian KnowlesFounder
Co-Founder

Ian Knowles is a CPG veteran with over a decade of strategy, investment and operational experience. He is the founder of Spruce & Norton, a beverage/CPG focused, venture development firm that assists investors, strategic buyers and entrepreneurs on business optimization; including overall business strategy, revenue growth, profit improvement, finance and M&A. He also served as the co-founder and managing partner of Dunn's River Brands, previous owners of Sweet Leaf Tea, Tradewinds Tea and Temple Turmeric and helped lead strategy for the launch of Legacy Breweries, which previously acquired Ninkasi Brewing Co., Laurelwood Brewing and Aspen Brewing Co. Over the last decade, Ian has run diligence on over 300 Alc/Non-Alc Beverage companies and remains an active strategist and advisor for many Beverage and CPG brands. After coming together with friends and industry veterans Brett Lawrence and Stephen Young, the group was inspired to do something different. After identifying a gap in the market for a fun, premium and natural craft hard seltzer...an Elephant was born! Ian is based in Brooklyn, New York and when he has a minute of free time you'll be sure to find him exploring the NYC restaurant scene, surfing, snowboarding, reading a good book or playing chess.

Stephen YoungFounder
CEO & Co-Founder

Stephen is a beverage industry veteran with over 15 years of experience building and growing brands. Through his time with Stone Distribution he built and grew their chain team and brought brands such as Stone, Boochcraft, Modern Times, Pizza Port, and Bear Republic to dominance in Southern California grocery, department, drug, and convenience. After his time as President of Towne Park Brewery Stephen has taken on the role of CEO of Elephant Craft Hard Seltzer and is elated to parlay his success in the craft beer world to lead higher expectations in the new frontier of "Craft Hard Seltzer!" When he's not making the world better one seltzer at a time, Stephen is all about family, friends, and fun. Catch him on the slopes, in the ocean, or traveling.

Randy Ornstein
Board Advisor

With 20+ years experience with Beer, Hard Seltzer, Wine, Spirits and Non-Alcoholic beverages across the biggest retailers in the US, Randy is no stranger to the game! Previously of IRI, Anheuser-Busch (14 years), and now the Director of Alcohol for goPuff (which recently acquired national beverage retailer BevMo), his expertise and insight provides the Elephant Craft team with an incredibly advantageous resource!

Sarah Harrison
Operations Manager

Truly a hospitalitarian at heart, Sarah has an established career in operations for breweries, restaurants and hotels for 20+ years. She has been privileged to learn from industry leaders such as the Hillstone Restaurant Group and Towne Park Brewery. These work experiences have afforded her a well-rounded knowledge of various departments including but not limited to accounting, culinary, service and training. Sarah's foundation of proficiencies in all areas of management makes her an unparalleled addition to the Elephant Herd.

Stuart Dooley
Creative Director

The driving force behind Elephants disruptive, quirky & creative brand identity, Stuart Dooley is a creative force to be reckoned with. Born in South Africa, Raised in the UK & now residing in SoCal, Stuart is truly a student of the world. With over a decade of experience in branding, marketing and visual storytelling, Stuart’s skills are as diverse as his past; ranging from brand identity to video direction to illustration, to strategizing large-scale marketing campaigns. Warm, engaging and naturally an ‘out-the-box’ thinker, his work orbits around the belief that truly great creative will inspire an emotional response. His professionalism, creativity & exemplary work-ethic come together in a unique, high-impact package.

Names and titles as disclosed on StartEngine, SEC Form C. Bios and photos come from the platform campaign page and may be out of date.

Reg CF annual-report compliance

Not requiredFewer than 300 holders of record

Filed 1 of 5 annual reports (FY2021–FY2025)

142 investors
holder-count proxy

Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.

SEC filings

  • Form C-UOct 6, 20220001665160-22-002642
    EDGAR
  • Form C-ARMay 2, 20220001665160-22-001451
    EDGAR
  • Form C-UOct 20, 20210001665160-21-001846
    EDGAR
  • Form C/AOct 5, 20210001665160-21-001778
    EDGAR
  • Form CApr 22, 20210001665160-21-000518
    EDGAR
Source: ManualCIK 0001819705CAShare price $1.00

About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.