The deal environment within the craft brewing industry is “a bit slow” with “a lot of volatility, a lot of uncertainty,” which isn’t very conducive to dealmaking, Arlington Capital Advisors managing director Ryan Lake shared during the 2023 Brewbound Live business conference earlier this month.
What makes a spirit company a good target for acquisition? That’s the question a panel of experts answered at the DISCUS annual conference in San Diego last month.
California canned cocktail and hard kombucha maker JuneShine has received a seven-figure investment from private equity firm InvestBev.
As another Dry January comes to a close, non-alc online retailer and importer The Zero Proof is taking a bigger step into the rising category with funding from Asahi Group Beverages & Innovation, the U.S.-based venture arm of Asahi Group Holdings.
Los Angeles-based Open Brewing has begun rolling its lager out in Southern California thanks in part to a business partnership with New Belgium Brewing. In addition to a minority investment, New Belgium contract brews Open’s beer, consults the brewery’s team and offers other “shared resources,” a New Belgium spokesperson told Brewbound.
As the momentum behind zero-proof drinks shows no signs of abating, leading non-alc retailer Boisson is taking steps to secure its place within the expanding category, bringing on a new CEO and announcing today that has received funding in a $5 million bridge round from Convivialité Ventures, the VC arm of Pernod Ricard, and Connect Ventures.
Andrew Merinoff wants to invest in products that seem impossible to pull off.
Non-alcoholic beer maker Athletic Brewing Company has received a $50 million investment from Keurig Dr Pepper (KDP) that will make the publicly-traded CPG giant a minority equity stakeholder in the business.
BeatBox, makers of a ready-to-drink (RTD) alcoholic fruit punch, just hit a $200 million valuation at the close of its $15 million raise aimed at expanding its national retail partnerships.
Barrel Labs, the newly formed parent company of DTC customizable beverage brand ELIQS, announced on Wednesday it has closed a $5.7 million seed round that will support its expansion into three business platforms intended to help it become a “customization platform for the entire beverage industry.”
Haus, a California-based maker of low-ABV aperitifs, is winding down its business and seeking a buyer after the lead investor in its Series A round dropped out during the closing process, leaving the company without the necessary cash on hand to continue operations.
Brian Rosen doesn’t want to invest in your vodka flavored with sriracha or lemon peel and cumin. The lifelong beverage entrepreneur and advisor is channeling his experience into growing spirit brands that instead have wide appeal, and he’s adding strategic capital through InvestBev, an investment firm focused on adult-beverage brands, raw distillate, beverage technology and cannabis.
FoxTrot believes convenience stores and corner markets need a makeover, and now it has more cash to make that a reality. The retailer announced Tuesday that it has raised $100 million to help expand into new markets and to invest into its e-commerce business.
Canned wine brand Maker has raised $2.3 million from more than 30 investors, to expand direct-to-consumer shipping of its offerings to 45 states.
Hard kombucha-maker JuneShine announced today the completion of a $24 million Series B funding round, which will help fund several initiatives, including the launch of its first non-hard kombucha product.
