Prebiotic soda maker Poppi announced today that it has raised $13.5 million in a funding round backed by existing investor CAVU Ventures and a roster of celebrities from across the music, film and professional sports industries.
As summer begins to wrap up, spirit brands continue to grow the ready-to-drink cocktail space with new tropical concoctions from Monaco, Western Spirits and Onda, as well as innovative tequila-based beverages from Agavales and Ranch Rider Spirits. Check out the gallery for the latest releases, brand debuts, and limited edition relaunches.
Husband-and-wife duo Kaitlyn Brown and Daniel Fernandes believe the benefits of a cup of coffee go deeper than its caffeine-kick. In 2019 the pair founded Savorista, a brand dedicated to producing premium, naturally decaffeinated coffee, which now spans a product range that includes packaged coffee and single-serve individual pourover kits.
As consumers’ cravings for quality cocktails continue to grow, New York-based startup AVEC is hoping to bring a premium experience to the market with its line of better-for-you sparkling mixers.
In this weeks distribution roundup: Recess and Breakthru Beverage Group partnership continues CBD distribution wave, Mad Tasty now at Sprouts, blk. expands presence at Walmart, BioSteel joins WB Canna Co. & Wellness' Latin America and Carribean portfolio and 7-Eleven partners with Minibar Delivery.
Watch founders and CEOs introduce their brands and provide a recap of recent news and updates. This week's special co-host is Nicolas Mindel, a partner with Amberstone Ventures, who will share his thoughts, questions and feedback with the participants.
This month, beverage technology company Cirkul announced that it has closed a $30 million series B round, led by AF Ventures. Launched in 2018, Cirkul is a Florida-based brand which markets a proprietary water bottle utilizing an unique cap which slowly adds concentrated flavor cartridges into the water as the consumer sips.
Earlier today, PepsiCo’s MTN DEW unveiled what could be the strangest in a long legacy of bold innovations: MTN DEW Flamin’ Hot, which takes inspiration from one of the most popular flavors from fellow Pepsi brand Cheetos snacks to create “sweet citrus DEW with a new spicy goodness,” according to the company.
Non-alcoholic beverage sales continued to pick up over the two-week period ending July 14, reporting accelerated dollar sales and volume growth after an extended period of slowdown earlier this summer, according to an analysis of Nielsen data by Goldman Sachs Equity Research.
David Klavsons, the CEO of King Juice, the maker of Calypso, spoke about how the company has leveraged its well-recognized lemonade brand, key distribution partnerships and consumer demand for low sugar formulations to achieve rapid and consistent growth in recent years.
Beverage maker Koia has landed a major new partner in its mission to popularize plant-based diets: last week, the company announced that NBA All-Star point guard Chris Paul has joined the brand as an investor.
Last week, plant-based cheese and butter maker Miyoko’s Creamery emerged victorious in what could potentially be a landmark legal case for dairy and meat alternative CPG brands. However, the fight ahead is anything but cut and dried.
In this week's People Moves: Bob Groux joins blk. as senior vice president of sales, Paul Hodge steps down as Laird’s President and CEO, Sagan Schultz leaves WellWell and Peter Kaye joins Hungry Harvest.
New York-based Sanzo, makers of sparkling waters infused with Asian citrus fruit flavors, has partnered with Marvel Studios to support the forthcoming release of “Shang-Chi & The Legend of the Ten Rings."
