Long Drink Closes $25M Funding Round
Celebrity backed spirits-based RTD The Finnish Long Drink has announced the closing of a $25 million funding round led by New York-based investment management firm Neuberger Berman.
RTD Spirits Gallery: From G&Ts to Brunch Bellinis
In our latest RTD Cocktails Gallery, we take a snapshot of summer, with new releases ranging from a brunch-themed bellini to a classic whiskey cola to a ready-for-anytime Aperol Spritz.
Spirits Gallery: New Limited Releases From Anteel, Bacardi, Sipsmith And More
Spirits producers released a range of pride-focused, patriotic and citrus-infused products this month in addition to a variety of innovative bourbons from brands such as TX Whiskey, Yellow Rose Distillery and Watershed. Check out the gallery for the latest new releases, limited-edition spirits and brand relaunches.
Distill Ventures Launches ‘Pre-Accelerator’ Aimed at Boosting Diversity in Spirits
As part of a process intended to increase diversity within the alcoholic beverage industry, Diageo-backed spirits investment group Distill Ventures has announced the launch of a Pre-Accelerator program dedicated to supporting early stage founders from underrepresented demographic groups.
Gallery: June’s Latest Ready-To-Drink Cocktails
With the summer months approaching the ready-to-drink cocktail category expanded with a range of better-for-you options from hard Yerba Mate to the relaunch of VOCO’s vodka-based coconut water. Check out the gallery for the latest canned cocktail releases and new brand debuts.
Spirits Gallery: New Brand Debuts And The Latest From Dewar’s, Cutwater And More
Spirits brands are offering up plenty of ways to celebrate as the pandemic’s restrictions ease up and consumers reconnect with friends during the upcoming summer months. In this gallery, we highlight some new brand debuts, limited-releases from Wonderland Distilling and Dewar’s, spirits specifically crafted for an easy cocktail making from Cutwater, Brody’s, Bluecoat Gin, and much more.
Uncle Nearest Whiskey Launches BIPOC-Focused VC Fund
Uncle Nearest Premium Whiskey today announced the formation of a new $50 million venture capital fund aimed at investing in fast-growing, minority (BIPOC and women) founded-and-owned spirit brands.
Spirits Feature: How Innovation is Reshaping Identity in RTDs
As the avalanche of RTDs continues to hit shelves nationwide, the very definition of the category remains up for debate. Global data and analytics company Nielsen churns out detailed analytical reports on everything from television to retail, but even they can’t provide a universal definition.
Spirits Profile: Baltimore Spirits Co. Embraces “Creative Struggle” in Charm City
Driven by a passion for "detail oriented, creative spirits making," Baltimore Spirits Co. aims to capture the energy of the city's vibrant creative community.
Gallery: Spring’s Latest Ready-To-Drink Cocktails
With warmer weather approaching, spirit brands have launched a variety of refreshing and low calorie canned-cocktails for consumers to enjoy throughout the summer months. Check out the gallery for the latest RTD offerings with new brands debuts and everything from sparkling margaritas to whiskey lemonade.
New Realm Launching Spirits-Based RTDs, Exploring NA and CBD Drinks
New Realm will launch three vodka-based, 7.5% ABV canned cocktails by the end of May: Lemon Drop, Orange Crush and Naka Cranberry. A fourth flavor — Tequila Paloma — will launch later in the summer, while gin and bourbon RTDs are also in the works.
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.
DELOCE Raises $1.5M in Seed Round Led by Vice Ventures
DELOCE, a California-based maker of ready-to-drink espresso martinis, announced last week that it has closed a $1.5 million series seed round led by Vice Ventures. Founded in 2019 by CEO Sean Zoka and CMO Keaton Moody, DELOCE makes a canned Espresso Martini made with 100% cold-pressed arabica espresso beans and premium vodka.
Flavors, Flexibility Providing Fuel for On-Fire RTD Cocktails
With projections predicting continued segment growth for RTDs, anyone looking to enter the space will face a competitive landscape. But by studying brands who have either launched during the pandemic or have weathered the storm without faltering, there are plenty of opportunities for new premixed canned cocktails to thrive.