Powerplant Fund Closes Fund to Help Grow Plant-Based Brands

Plant-based food and beverage private equity firm Powerplant Ventures today announced the closing of a $42 million fund. The fund is led by Mark Rampolla, founder of ZICO Coconut Water, Kevin Boylan and T.K. Pillan, co-founders of the Veggie Grill restaurant chain, and Dan Beldy, former Managing Director of Steamboat Ventures (the venture capital division of Disney).

Review: Starbucks Finally Joins the RTD Cold-Brew Space

Compared with what’s already on the market, this product isn’t exactly an innovative offering. But its execution is clean and the product is enjoyable, which allows Starbucks to be in the game with something that can certainly hold its own.

ABA Spent $10.6 Million Fighting Philadelphia Soda Tax

Disclosure filings recently made public by the Philadelphia Board of Ethics revealed the trade association spent more than four times the amount of those backing Philadelphia mayor Jim Kenney’s initiative.

Review: BluePrint Kombucha

The BluePrint Organic brand has been on an innovation tear as of late, releasing a host of new beverages that include both juice products and vinegar drinks. Its latest effort is this one, a four flavor line of organic kombuchas.

Video: Runa Revamp — Co-Founder Discusses New Look

Runa's revamp was a project nearly 18 months in the making, but co-founder Tyler Gage believes that the company, a marketer of guayusa-based tea and energy drinks, finally got it right.

Waiakea Responds to Accusations of Misrepresented Water Sourcing

Reached by phone Thursday, Waiakea founder and CEO Ryan Emmons called the complaints “slander” coming from a competing brand, and that the company resolved the aforementioned labeling issues with the agencies earlier this year.

Video: Powell & Mahoney Co-Founder Talks Surging Sales, Facility Expansion

Bolstered by national distribution at Target, Powell and Mahoney pulled in nearly $3.13 million in sales for the 52-week period ending on May 15, up 75.6 percent year-over-year, according to IRI. Co-founder Mark Mahoney attributes swelling growth to rising consumer demand for premium and natural options within the mixer set, along with brand’s focus on high-quality ingredients and its recent innovation with carbonated varieties.

LifeAID Founders Discuss KarpReilly Investment

LifeAID co-founders Aaron Hinde and Orion Melehan discussed the investment in a call with BevNET on Tuesday, indicating the amount of the raise was in the “high seven figures.”