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Island Brands

Operating

ABH Holdco, Inc.

Food & Beverage · Charleston, SC · Founded 2019

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Island Brands produces clean, better for you, super premium beer, set at a competitive price point to fill the gap between factory beer corporations and craft breweries.

Post-money valuation ⓘ
$119.4M
As of Nov 2023 · from Reg CF Offering (2021) · pre-money + amount raised, not a traded price
Total raised
$14,177,620
Crowd $5.7M · Private $8.5M · 7 rounds since 2019
Latest share price
$7.91
Reg CF · Preferred Stock · Nov 2021 offering price

Financials

FY2018–FY2023 · from SEC filings · hover any figure for its source
$716K
−$240K
2018
$1.2M
−$1.2M
2019
$1.6M
−$1.1M
2020
$2.7M
−$3.4M
2021
$1.7M
−$3.2M
2022
$873K
−$5.4M
2023
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2018
FY2019 audited*
FY2020 audited*
FY2021
FY2022 unaudited
FY2023 unaudited
Income statement
Revenue
$715,741
$1,213,060
$1,597,574
$2,669,871
$1,669,081
$873,438
Cost of goods sold
$590,605
$1,369,751
$1,469,972
$2,045,973
$1,386,043
$1,100,316
Gross margin
17%
-13%
8%
23%
17%
-26%
Net income
-$239,558
-$1,183,818
-$1,073,855
-$3,443,157
-$3,160,779
-$5,413,739
Taxes paid
$0
$0
$0
$0
$0
$0
Balance sheet
Cash
$7,115
$159,855
$474,686
$274,774
$130,963
$465,374
Accounts receivable
$69,352
$244,951
$37,721
$0
$0
$10,685
Total assets
$364,979
$494,904
$616,926
$711,575
$3,541,533
$1,150,703
Short-term debt
$711,289
$254,514
$172,752
$884,965
$100,820
$7,503,274
Long-term debt
$25,000
$0
$0
$0
$4,610,000
$741,667
Total liabilities
$736,289
$254,514
$172,752
$884,965
$4,710,820
$8,244,941
Other
Headcount
—
12
20
12
10
5

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
$65.7M
pre-money
$117.0M
pre-money
Reg CF · Common · Nov 2020
Reg CF · Preferred · Nov 2021

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

Share price over rounds

log scale
$7.91$2.2163$0.621
Jul 2019Nov 2021
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, and each class is drawn as its own line.

Cap table

Share counts as of Dec 31, 2019
Non-Voting Preferred Stock · 26.8%Common Units · 73.3%
ClassOutstandingVotes / shareShare of totalVotesLast price
Non-Voting Preferred Stockpreferred330,042none26.8%0%—
Common Units903,549173.3%100.0%$7.91Nov 2021
Total1,233,591100%100%

Principal holders% as the filing states it, May 1, 2024

  • Brandon Perry4,015,770 Class A Voting Common Stock29.0%of Class A Voting
  • Padgett Thomas, LLC3,765,770 Class A Voting Common Stock27.0%of Class A Voting

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

Reg CF · Preferred Stock · Nov 2021Closedvia StartEngine
Raised $1.5M / $4.7MInvestors 1,933Post-money $119.4M
Rule 506(b) · Debt · Feb 2022Closed
Raised $300KInvestors 2
Rule 506(b) · Convertible Note · Jan 2022Closed
Raised $4.9M
Reg CF · Common Stock · Nov 2020Closedvia StartEngine
Raised $4.2M / $5MInvestors 3,672Post-money $70M
Rule 506(b) · Equity · Oct 2020Closed
Raised $490.5KInvestors 7
Rule 506(b) · Series B Preferred Stock · Nov 2019Closed
Raised $796.2K
Rule 506(b) · Preferred Stock · Jul 2019Closed
Raised $2MInvestors 13

Team

8 people
Brandon PerryFounder
Co-Founder, Director
Scott HansenFounder
CO-Founder, CEO, and Director
Michael Gallo
Vice President of Sales

A beverage industry expert since 1993, Michael managed Sales & Marketing teams for Coors Brewing, Gallo Spirits, Bacardi, Brown Forman, and others. His track record speaks volumes, driving success in the competitive beverage world.

Jay Ward
Director

In his more than 20-year career, Jay has played significant lead and liaison counsel roles in complex class action and multidistrict litigation involving pharmaceutical drugs, healthcare fraud, defective products, antitrust, and consumer protection.

Michael Horn
Board Member
Michael J. Woods
Board Member
Michael Kane
Director

Successful executive with over 25 years of experience in small business, large corporations and banks including international assignments and global responsibilities.

Steve Kleiman
Director

With over 15 years managing all aspects of investment direction and selection, estate and tax planning, and tax, finance, and accounting functions as well as overseeing a $9.0 billion alternative investment fund.

Names and titles as disclosed on SEC Form C, StartEngine. 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 6 annual reports (FY2020–FY2025)

3,672 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

View all 26 filings on EDGAR
  • Form C-TRMay 13, 20250001665160-25-001094
    EDGAR
  • Form C-ARMay 1, 20240001665160-24-000724
    EDGAR
  • Form C-UDec 15, 20230001665160-23-002002
    EDGAR
  • Form C/AAug 24, 20230001665160-23-001687
    EDGAR
  • Form C/AJun 27, 20230001665160-23-001449
    EDGAR
  • Form C/AJun 15, 20230001665160-23-001397
    EDGAR
  • Form C-ARApr 26, 20230001665160-23-000883
    EDGAR
  • Form C/AApr 24, 20230001665160-23-000739
    EDGAR
Source: ManualCIK 0001783271SCShare price $7.91

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.