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IVANHOE PARK BREWING COMPANY logo

IVANHOE PARK BREWING COMPANY

Operating

Joyland Brewing Holdings, Inc.

Alcohol · Brewery · Orlando, FL · Founded 2024

Community owned craft brewery in central Florida

Post-money valuation ⓘ
$10.3M
As of Nov 2024 · from Reg CF Offering (2024) · pre-money + amount raised, not a traded price
Total raised
$911,741
Crowd $92K · Private $820K · 3 rounds since 2024
Latest share price
$1.00
Rule 506(c) · Common Stock · Dec 2025 offering price · down round

Financials

FY2022–FY2025 · from SEC filings · hover any figure for its source
$1.1M
−$281K
2022
$1.0M
−$312K
2023
$1.2M
−$16K
2024
$1.4M
−$636K
2025
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2022 reviewed
FY2023 reviewed
FY2024 reviewed
FY2025
Income statement
Revenue
$1,103,259
$1,010,807
$1,162,507
$1,422,484
Cost of goods sold
$454,821
$375,304
$395,253
$480,716
Gross margin
59%
63%
66%
66%
Net income
-$280,743
-$311,579
-$16,271
-$636,414
Taxes paid
$0
$0
$0
$0
Balance sheet
Cash
$72,049
$67,906
$226,849
$399,977
Accounts receivable
$29,916
$8,679
$8,679
$25,723
Total assets
$573,837
$1,559,361
$1,526,315
$1,795,078
Short-term debt
$0
$361,851
$608,005
$776,439
Long-term debt
$275,338
$643,343
$477,672
$456,406
Total liabilities
$275,338
$1,005,194
$1,085,677
$1,232,845
Other
Headcount
—
2
2
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
$10.0M
pre-money
$5.0M
est. pre-money
Reg CF · Common · Nov 2024
Rule 506(c) · Common · Dec 2025

Blue bars are the pre-money valuation the company stated for a priced round. Dotted grey bars are our estimate for rounds that didn't state one: the round's share price × the shares outstanding in its filings. Same measure as blue, but rougher.

Share price over rounds

log scale
$2,304.92$48.0096$1.00
Jul 2024Dec 2025
Round offering price or verified disclosed saleDisclosed sale, unverified or year-onlyDown round · Nov 2024 (-99.9%) · Dec 2025 (-50%)

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

Share counts as of Dec 31, 2024
ClassOutstandingVotes / shareShare of totalLast price
Class A Voting Common Stock5,000,0001100.0%$1.00Dec 2025

Principal holders% as the filing states it, Apr 29, 2025

  • ABINBEVWHO, LLC.1,145,325 Class A Voting Common Stock23.0%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

Raised $545KInvestors 1Est. pre-money $5M
Raised $91.7K / $1.2MInvestors 87Post-money $10.3M

Team

14 people
Brian Masters
Board of Directors & Founder

Brian Masters, Director and Founder of Ivanhoe Park Brewing Co., is a passionate craft beer enthusiast dedicated to building a community-centric brewery. He envisioned Ivanhoe Park as a welcoming space where people could gather to enjoy exceptional beers and connect with one another. Brian’s commitment to quality and innovation is reflected in the brewery's diverse lineup of brews, which have earned accolades and a loyal following. He fosters a collaborative environment that encourages creativity and excellence among his team. Outside of brewing, Brian enjoys engaging with the local community and exploring new beer styles with family and friends.

Glenn Closson
CEO, Founder, Principal Accounting Officer & Board of Directors

Glenn Closson, the dynamic CEO and CFO of Ivanhoe Park Brewing Co., began his journey in the brewing world with a passion for home brewing in 2010. This hobby led him to open his first brewery in Southern California in 2013, where he quickly found success before selling the majority of the business in 2016. He was the driving force that founded Ivanhoe Park Brewing Company in 2018 and assembled the leadership team we have today. At the helm, Glenn combines his financial expertise with his love for craft beer to grow the brewery into a vibrant community hub. Outside of work, he enjoys traveling, supporting local initiatives, and spending quality time with his wife and dog.

Joe Bowling
COO/Secretary, Founder, & Chairman of the Board of Directors

Joe Bowling, COO, Secretary, and Chairman of the Board at Ivanhoe Park Brewing Co., brings over 30 years of experience in technology and business leadership to his role. His expertise in problem solving, operations, and analytics was honed through roles at Lexmark International and IBM Global Services. Prior to joining the brewing industry, Joe had a distinguished 23-year career at EMC and Dell Technologies in technical sales and sales leadership. Now at Ivanhoe Park, Joe combines his deep operational knowledge with his 25+ year passion for home brewing and craft beer to help steer the company’s growth. When not focused on business, Joe enjoys outdoor activities, immersing himself in the world of craft beer, traveling, and contributing to local communities.

Josh Todd
Director of Sales, Founder, & Board of Directors

Josh Todd, Director of Sales and Board Member at Ivanhoe Park Brewing Co., brings over a decade of experience in strategic partnerships and account management to the team. Prior to joining Ivanhoe Park, Josh held senior leadership roles in companies such as Transcom Solutions and Arch Care Consultants, where he honed his skills in brand management and client relationships. His career in sales and partnerships has spanned multiple industries, providing him with a broad perspective and a results-driven approach. At Ivanhoe Park, Josh is dedicated to expanding the brewery’s presence and fostering strong relationships with distributors and customers alike. Outside of work, he enjoys exploring Florida's craft beer scene and engaging with the local community.

Glenn Russell Closson
CEO, Director and principal accounting officer
Joshua Dustin Todd
Director of Sales and Board of Directors
Brian Gentile
Board of Directors

Brian Gentile, Director at Ivanhoe Park Brewing Co., is a seasoned leader in the food and beverage industry with over 30 years of experience. Currently serving as Senior Vice President at KBP Foods, one of the largest YUM! franchisees in the nation, Brian oversees a vast network of restaurants, contributing to the company's reputation as one of the fastest-growing restaurant companies in the country. His expertise in operations and management has consistently driven significant revenue growth and operational excellence. At Ivanhoe Park, Brian applies his extensive experience to support the brewery's strategic initiatives and community engagement efforts. Outside of work, he enjoys playing golf, exploring craft beer and connecting with the local community.

Eric Van Wormer
Brewing Operations/Head Brewer

Eric Van Wormer, Director of Brewing Operations and Head Brewer at Ivanhoe Park Brewing Co., is the creative mind behind the brewery's award-winning beers. With years of experience and a passion for innovation, Eric leads the brewing team in crafting the exceptional brews that have garnered both local and national recognition. Under his leadership for the past 5 years, Ivanhoe Park’s beers have won multiple awards, further cementing the brewery’s reputation for quality and creativity. Eric ensures that every beer, from flagship offerings to experimental brews, reflects Ivanhoe Park’s dedication to excellence. When not brewing, he enjoys exploring new techniques and supporting the vibrant Orlando beer community.

Kelly Turenne
Board of Directors

Kelly Turenne, Director at Ivanhoe Park Brewing Co., brings a wealth of legal expertise to the team, specializing in corporate law, contracts, alcohol beverage control law, litigation, and employment. During her time at Quarles & Brady LLP, Kelly represented one of the largest breweries in the country. With a strong background in corporate law, she applies her experience to support the brewery's operations while fostering a culture of integrity and accountability. Her strategic guidance plays a vital role in navigating the complex landscape of the brewing industry. Outside of work, Kelly enjoys travel, exploring craft beer, engaging with the local community, and advocating for responsible business practices.

Show 5 more people
Lisa Rain
Taproom, Events, & Marketing Manager

Lisa Rain, Taproom, Events, and Marketing Manager at Ivanhoe Park Brewing Co., is a dynamic force behind the brewery's vibrant atmosphere and community engagement. With a background in event planning and marketing, Lisa excels at creating memorable experiences for guests, from themed events to taproom promotions. Her creativity and strategic thinking help amplify the brewery's brand and foster a welcoming environment for all. An active member of the community, Lisa sits on several local boards, further enhancing her connection to the Orlando area. When she’s not managing the taproom or planning exciting events, Lisa enjoys traveling and spending quality time with her husband and dog.

Joseph Phiilip Bowling
Director, Board Chairman, and Secretary
James Crum
Board Member

Board Member for Ivanhoe Park Brewing

Richard Scheitler
Board Member

Board Member & one of the founders of Ivanhoe Park Brewing.

Brian Scott Masters
Board Member

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 2 of 2 annual reports (FY2024–FY2025)

87 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-TRMay 4, 20260002044995-26-000002
    EDGAR
  • Form C-ARMay 1, 20260002044995-26-000001
    EDGAR
  • Form DDec 22, 20250002044995-25-000002
    EDGAR
  • Form C/AAug 29, 20250001665160-25-001399
    EDGAR
  • Form C/AJun 27, 20250001665160-25-001254
    EDGAR
  • Form C-ARApr 29, 20250001665160-25-000814
    EDGAR
  • Form C/AApr 29, 20250001665160-25-000813
    EDGAR
  • Form C/AFeb 7, 20250001665160-25-000200
    EDGAR
Source: ManualCIK 0002044995DEShare 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.