Articles Tagged with 'Investment'

Weyerbacher Reorganization Plan Shows Private Investor Group Backed Out, Internal Investors In

Weyerbacher Reorganization Plan Shows Private Investor Group Backed Out, Internal Investors In

The private investment group announced as a majority investor in Weyerbacher Brewing Company this past April has backed out of the deal, the brewery’s chief operating officer, Josh Lampe, told Brewbound. Instead, the Easton, Pennsylvania-based craft brewery has turned to a group of seven individuals and two trusts to invest $50,000 in exchange for shares in the business, according to a reorganization plan filed in U.S. Bankruptcy Court in Pennsylvania’s Eastern District.

Upstart Mexican Lager Brand Calidad Raises $2.5 Million From Notable Investors

Upstart Mexican Lager Brand Calidad Raises $2.5 Million From Notable Investors

Cerveceria Calidad, a recently launched Mexican-style lager brand, has secured $2.5 million in seed funding from more than 20 investors, including American-Mexican Major League Baseball player Adrian González. Other notable investors include Nathaniel Ru, Nicolas Jammet and Jonathan Neman, the founders of Sweetgreen, and MeUndies founder and CEO Jonathan Shokrian.

North Carolina’s Ironclad Brewery Launches VC Arm

North Carolina’s Ironclad Brewery Launches VC Arm

Wilmington, North Carolina-based Ironclad Brewery has established a venture capital business unit in order to invest its profits into other startups. Speaking to Brewbound, CEO Ted Coughlin said Ironclad will make investments in the beer space as well as other sectors with significant growth potential. He added that Ironclad will invest its profits — which he estimates will average about $200,000 annually — in about eight startup companies a year.