Real Estate Developer Enters CPG With $50M Venture Fund
Real estate developer Beckett Industries is launching a $50 million venture capital fund that will target early-stage food and beverage businesses.
Lukas Southard
Senior Reporter, BevNET & NOSH
Lukas Southard is a Reporter covering the food and beverage industries across BevNET and NOSH.
Posts by Lukas Southard
Waku Tea Raising $1.5M Seed, As Brand Hits Retail ‘Inflection Point’
Prebiotic drink brand Waku Tea is closing a $1.5 million seed round by the end of the year, backed by the venture arm of Beckett Industries.
Former White Claw Exec Launches ‘Grown-Up’ Energy Drink
Mōcean is a new energy drink from former White Claw executive Tony Vieira that is targeting a young professional demographic.
Ketone-IQ Adds ‘Opportunistic’ Investment, New Retail Partners
Energy shot brand Ketone-IQ recently secured an undisclosed “seven-figure" investment as it makes a deeper push in retail.
Slate Milk Closes $23M Round Led By Yasso Founders’ Fund
High-protein chocolate milk and canned coffee brand Slate has closed a $23 million Series B round led by Foundership Ventures, bringing the brand’s total investment to $50 million.
C-Stores Still Slow in August; Traffic -2.5% Over Summer
Convenience store traffic was down 115 bps since July, part of a 2.5% decline for the rolling three-month period.
Texas Gov. Signs Executive Order to Create Legal Hemp Framework
Texas governor Greg Abbott has signed an executive order mandating age restrictions on the sale of hemp-derived THC products, roughly three months after he vetoed a bill that would have outlawed the intoxicant entirely in the Lone Star State.
Liquid Death Goes To Eleven With Spinal Tap Ad, Pro Sports Investors
Liquid Death has added a pro sports investment firm, 4th & 1 Ventures, as it launches a Spinal Tap partnered marketing campaign.
The Racers, Not the Race: How Brands Win With Run Clubs
Run clubs have increasingly become a prime opportunity to connect with consumers and gather valuable data to build deeper retail footprints.
TÖST Adds $1M, Expands DSD Network
TÖST added over $1 million in bridge round funding as the brand grows its DSD network and targets on-premise retail with its new RTD canned format.
Magic Mind Secures New $12M Investment
Mental performance shot maker Magic Mind secured $12.4 million of a nearly $16 million round as it grows its retail footprint.
Could This Bill Legalize Intoxicating Hemp? Here’s A First Look.
An early draft copy of a federal bill legalizing consumable hemp products could circumvent the "backdoor" opened by the 2018 Farm Bill.
KDP Agrees $18B Deal to Acquire JDE Peet’s, Creating Coffee ‘Pure Play’
KDP is acquiring JDE Peet’s in an $18 billion deal and will divide its coffee segment from its refreshment beverages into two companies.
Amazon Capitalizes On Delivery Surge With Same-Day F&B Expansion
Amazon is now offering Same-Day Delivery for perishable groceries in over 1,000 cities, with plans to expand to 2,300 by the end of the year.