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Local Roots Kombucha

Operating

Organic Craft Brewing Co.

Food & Beverage · Vista, CA · Founded 2017

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A Brew for a Better Tomorrow

Post-money valuation ⓘ
$42.8M
As of Dec 2021 · from Reg CF Offering (2021) · pre-money + amount raised, not a traded price
Total raised
$1,616,687
Crowd $360K · Private $1.3M · 2 rounds since 2020
Latest share price
$2.63
Reg CF · Common Stock · Jun 2021 offering price

Financials

FY2019–FY2021 · from SEC filings · hover any figure for its source
$565K
−$369K
2019
$1.8M
−$1.8M
2020
$1.8M
−$2.0M
2021
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2019 reviewed*
FY2020 reviewed*
FY2021
Income statement
Revenue
$565,376
$1,797,569
$1,755,628
Cost of goods sold
$176,978
$1,239,530
$1,301,615
Gross margin
69%
31%
26%
Net income
-$368,712
-$1,751,520
-$1,998,971
Taxes paid
$0
$0
$0
Balance sheet
Cash
$83,026
$325,115
$539,742
Accounts receivable
$42,312
$54,073
$86,062
Total assets
$673,732
$2,151,855
$2,423,018
Short-term debt
$292,295
$409,834
$462,512
Long-term debt
$409,829
$2,265,002
$2,985,066
Total liabilities
$702,124
$2,674,836
$3,447,578
Other
Headcount
—
23
23

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
$42.4M
pre-money
Reg CF · Common · Jun 2021

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

Share price over rounds

$2.63$1.315$0.4354
Aug 2020Jun 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.

Fundraising history

Reg CF · Common Stock · Jun 2021Closedvia StartEngine
Raised $359.5K / $1.1MInvestors 228Post-money $42.8M

Team

3 people
Joe Carmichael
Co-Founder, Director

Joe Carmichael is an innovator who started his career in Aerospace doing lean manufacturing and product development. He brings a passion for culture and collaboration, bringing people together to make a difference.

Ryan White
Co-Founder, Director

Ryan White is a connector and serial entrepreneur who began his career in healthcare. He shares a passion for healthy living, sports, exploring, and making a positive impact on the planet.

Albert Man
Director

Albert is a serial entrepreneur who is the founder and CEO at a successful theraputics business while also serving as the Men's lacrosse coach for UC San Diego since 1996.

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)

228 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 5, 20220001665160-22-002620
    EDGAR
  • Form C-ARMay 2, 20220001665160-22-001479
    EDGAR
  • Form C-UDec 7, 20210001665160-21-002151
    EDGAR
  • Form CJun 8, 20210001665160-21-001017
    EDGAR
Source: ManualCIK 0001864407CAShare price $2.63

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.