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Grady's Cold Brew

Operating

Kebapolis LLC

Food & Beverage · Bronx, NY · Founded 2019

New Orleans–Style Cold Brew

Post-money valuation ⓘ
$13.9M
As of Mar 2021 · from Reg CF Offering (2019) · pre-money + amount raised, not a traded price
Total raised
$2,414,853
Crowd $1.1M · Private $1.4M · 2 rounds since 2017
Latest share price
$1.18
Reg CF · Class B Common Stock · Dec 2019 offering price

Financials

FY2017–FY2022 · from SEC filings · hover any figure for its source
$3.6M
−$558K
2017
$3.9M
−$958K
2018
$4.5M
−$500K
2019
$5.8M
−$41K
2020
$6.3M
$97K
2021
$6.9M
$98K
2022
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2017 reviewed
FY2018 reviewed
FY2019
FY2020 unaudited
FY2021 unaudited
FY2022 unaudited
Income statement
Revenue
$3,647,718
$3,896,701
$4,536,594
$5,771,573
$6,328,389
$6,854,444
Cost of goods sold
$2,014,995
$2,422,988
$2,060,596
$2,632,124
$2,972,072
$3,452,271
Gross margin
45%
38%
55%
54%
53%
50%
Net income
-$558,039
-$957,618
-$499,764
-$40,987
$97,104
$98,162
Taxes paid
$0
$0
$0
$0
$0
$0
Balance sheet
Cash
$416,366
$132,574
$106,121
$153,557
$271,677
$333,358
Accounts receivable
$318,153
$292,841
$379,785
$381,044
$385,971
$345,588
Total assets
$1,806,961
$1,246,284
$1,182,170
$1,384,385
$1,407,373
$1,493,202
Short-term debt
$372,026
$943,890
$1,479,867
$214,000
$536,199
$618,282
Long-term debt
$806,198
$630,276
$529,948
$681,971
$458,595
$337,058
Total liabilities
$1,178,224
$1,574,166
$2,009,815
$895,971
$994,794
$955,340
Other
Headcount
—
20
20
—
20
17

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
$12.8M
pre-money
Reg CF · Class B Common · Dec 2019

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

Share price over rounds

$1.18$0.59$1.00
Sep 2017Dec 2019
Round offering price or verified disclosed saleDisclosed sale, unverified or year-only

Disclosed sales come from the issuer's own filings (prior-offering lines, audited-statement notes) and are amount ÷ securities sold. A down round is a firm point more than 25 % below the previous firm point of the same share class on a comparable basis; the comparison ignores unverified and year-only lines.

Cap table

Principal holders% as the filing states it, Apr 28, 2023

  • Amy M. Keller2,120,400 Class A Common Stock50.0%of company

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 $1.1M / $1.1MInvestors 1,211Post-money $13.9M

Team

8 people
Dave SandsFounder
Co-founder/Director of Sales

Dave is the Co-founder of Grady's Cold Brew, and was the person tasked with convincing buyers and consumers that not only was Grady's not beer, but, in fact, it was the next big thing in beverages. Before devoting his full attention to being a jack-of-all-trades at Grady's (sales director, brewery builder, truck driver, etc), Dave spent 5 years at Xerox Corporation, beginning in entry level sales and eventually managing their new Office Services Division for all IPG & WPP accounts, worldwide. Dave has been named to the Forbes 30-under-30 list, was featured in a national Wired Magazine & Jack Daniels advertising campaign, and has made appearances in Bustle, Bloomberg, Entrepreneur, and Runner's World.

Grady LairdFounder
Co-Founder, President and CEO

Grady is a cook, editor, writer, entrepreneur, and Co-founder of Grady's Cold Brew, one of the nation's first companies to bottle cold-brewed iced coffee. He wrote a grooming column for GQ.com called "Beauty Tested, Beast Approved" and has 10 years of experience as a production editor for magazines, including GQ, Men's Vogue, Details, Harper's Bazaar, and Condé Nast Traveler. He is a sought-after expert for iced-coffee stories: He has been filmed for NY1 and Vice, and has appeared in Bon Appétit, New York Magazine, and Women's Health, among other publications. Grady holds a BA in Journalism with an emphasis in Advertising from the University of Missouri–Columbia. As a serial entrepreneur, nothing infuriates Laird more than a good idea that dies before it's ever attempted. He lives with his two sons in Pelham, NY.

Grayson M. Laird
CEO, Principal Executive Officer and Director, Principal Financial Officer and Principal Accounting Officer
Anchin, Block & Anchin LLP
Accounting Firm

For over 90 years, Anchin has helped privately held food and beverage clients develop successful strategies that directly impact their growth and profitability. From assisting them with cash flow analysis to helping them strategize how to win more supermarket shelf space, we collaborate with our clients to give them the support they need to make smart business decisions. We work with management to analyze key performance indicators, review industry benchmarks, develop key employee retention and incentive plans, and help them drive business growth.

Propeller Industries
Finance and Accounting Firm

Propeller’s food & beverage team has earned the trust of some of the hottest emerging brands in the US. Over the course of nearly a decade we’ve taken companies like Krave Jerky and Sir Kensington’s from their first institutional capital raises all the way through exit and beyond. In the process, we’ve built relationships with the top investors in the industry — many of whom rely on Propeller to handle the finances for multiple portfolio companies. Whether it’s navigating the tactical challenges of distributor bill-backs and inventory controls or the strategic considerations of pricing and financial modeling, you won’t find a more experienced team.

Kyle Buckley
Director

Kyle is the Chief Executive Officer at Pack Labs. He co-founded Grady’s Cold Brew in 2011 and helped build the business nationally as COO. He has experience developing Grady’s through natural and conventional sales channels, overseeing operations and building out two cold-brew facilities in Brooklyn, and the Bronx. Before establishing the cold brew category and growing a multi-million dollar brand, Kyle worked at the Finance Alliance for Sustainable Trade.

Michael McNamara
Director

Michael is a Founding Board Member of Grady's Cold Brew and the Co-founder and CEO of Lancium, a renewable energy and distributed computing company. He also serves as Co-chairman of Certified Holdings, a privately-held industrial automation and technology firm. Previously, Michael co-founded ROR Capital, a merchant bank focused on natural resources. Over several years, ROR partnered with leading Private Equity firms to successfully restructure a number of multi-billion dollar natural resource companies. Michael spent 10 years on Wall Street at several multi-billion hedge funds focused on natural resources and event-driven investments ultimately part of teams overseeing $1bn+ of investments in the space. Michael began his career at PriceWaterhouseCoopers with roles in the consulting and accounting divisions. Michael graduated Magna Cum Laude from Georgetown University with degrees in Accounting and Finance and is a member of the New York Society of Security Analysts and the CFA Institute.

Tim Boggs
Director

Tim has been a Director at Grady's since 2017. He is the Head of Business Development & Investor Relations at Cadian Capital Management and has 15+ years’ experience in the field. • Joined Cadian from Serengeti Asset Management where he was Director of Marketing and Investor Relations • Previously, he worked at Sandell Asset Management, Tremont Capital, and Deutsche Bank in business development and strategic equity allocation capacities • BA, International Studies, Colby College and MBA, Columbia Business School

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 requiredFiled Form C-TR (terminated reporting)

Filed 3 of 7 annual reports (FY2019–FY2025)

1,211 investors
holder-count proxy

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

  • Form C-TRDec 4, 20230001096906-23-002304
    EDGAR
  • Form C-ARApr 28, 20230001665160-23-001046
    EDGAR
  • Form C-ARMay 4, 20220001665160-22-001559
    EDGAR
  • Form C-UJul 9, 20210001665160-21-001225
    EDGAR
  • Form C-UApr 1, 20210001665160-21-000403
    EDGAR
  • Form C/AJan 19, 20210001665160-21-000094
    EDGAR
  • Form C/AOct 23, 20200001665160-20-001319
    EDGAR
  • Form C/AAug 25, 20200001665160-20-001093
    EDGAR
Source: ManualCIK 0001791739NYShare price $1.18

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.