U.K. CBD Pioneer TRIP Launches in the U.S.
London-based CBD-infused drink brand TRIP has closed a $5 million funding round ahead of its U.S. launch this week.
Martín Caballero
Managing Editor, BevNET
Martín writes news articles and feature stories covering the non-alcoholic beverage industry for BevNET. A graduate of Boston University, Martín's previous work has appeared in USA Today, The Boston Globe and The Boston Herald.
Posts by Martín Caballero
Gatorade Launches Rapid Hydration Drink
Gatorade is introducing Gatorlyte, a new three-SKU line of rapid hydration sports drinks that is set to enter convenience stores this summer.
Live On Stage: Liquid Death, Live Nation Announce Partnership
Canned water brand Liquid Death has closed a $15 million Series C round of funding that includes celebrities like Tony Hawk, Wiz Khalifa and Steve Aoki, as well as Live Nation Entertainment, which will carry the product as the exclusive water at over 120 venues and festivals across the United States.
Sparkling Tequila Soda Onda Closes $5M Series A Round
Sparkling tequila soda brand Onda has closed a $5 million Series A round of funding led by Aria Growth Partners and beverage entrepreneur Clayton Christopher, the company announced last week.
Nestlé Acquires Hydration Platform Brand Nuun
Nestlé Health Science has acquired hydration tablet brand Nuun for an undisclosed fee, the company announced today. The deal is expected to close in Q3 2021.
Chobani, Fair Trade Announce New Dairy Certification
Fair Trade USA and Chobani announced yesterday the formal launch of a certification program for dairy farms and cooperatives “that provides financial premiums to dairy farmers and workers, which will help protect and empower them while raising sustainability standards,” according to a press release.
Owen’s Craft Mixers Lands $7.5M Investment
Owen’s Craft Mixers has closed a $7.5 million funding round that includes singers Ryan Hurd and Lee Brice, ex-NHL star Mario Lemieux and strategic investment from the Mass Family Office.
KDP: Broad Growth Fuels Strong Q1
Keurig Dr Pepper (KDP) has upped its projections for full year net sales growth to 4-6% after reporting an 11% increase in net sales during Q1 2021, the company announced this morning.
Former Red Bull North America Chief Stefan Kozak Named as Guayaki CEO
Yerba mate brand Guayaki has named former Red Bull North America CEO Stefan Kozak as its new chief executive officer.
Backed by NBA Credentials, Sports Drink Barcode Launches Online
Developed by a former New York Knicks trainer and backed by Los Angeles Lakers star Kyle Kuzma, Barcode is a new plant-based sports drink launching online this week.
Back to the Future: Poppi, Olipop Debut Retro Takes on Next-Gen Soda
As they respectively plot the future of the rapidly growing ‘prebiotic soda’ segment, a pair of function-forward, better-for-you soft drink brands are looking to the past for inspiration.
Hydrant Closes $8.5M Funding Round
Powder-based hydration drink Hydrant has raised $8.5 million from a range of celebrity and athlete investors, including Lance Bass, Aaron Rodgers, Ashley Greene, Josh Allen, and others.
Oatly Reveals Revenue Gains, Mounting Losses in IPO Filing
In 2020, revenue increased 106.5% year-over-year, outpacing the 72.9% growth from the year prior, with U.S. revenue representing $100 million, according to SEC documents. Citing Nielsen data, the company reported that retail sales in the U.S. grew 182% year-over-year.
Hain Celestial Completes Sale of Non-Dairy Beverages Business
Hain Celestial has completed the sale of its two North American non-dairy beverage brands, Dream and Westsoy, to SunOpta for $33 million, the company announced yesterday.