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.
Spirits Gallery: New Spring Releases from Bumbu, Hecate, Booker’s and More
In this gallery, we highlight some of the notable new releases over the past two months, which includes new releases from Bumbu, Elephant Gin and Booker's, a new basil-infused vodka from Manhattan, the debut of a pair of watermelon expressions from Malibu and Absolut, plus more.
Two Roads Breaks Into Spirits-Based RTD Segment with Daybreaker Vodka Cocktails
The Stratford, Connecticut-based craft brewery has launched Daybreaker, a family of ready-to-drink, vodka-based cocktails, available in three flavors: Blood Orange, Cran-Lime and Meyer Lemonade. All three are mixed with real fruit juice and vodka distilled at Two Roads’ Area Two research and development space.
Molecular Spirits Maker Endless West Secures $21M Capital Raise
Molecular alcohol maker Endless West has secured new capital in the form of a $21 million Series B round that is set to fuel the brand’s R&D and product design ambitions, the company announced last week.
Profile: Waterbird Spirits RTD Cocktails Take Flight
Since launching, the Charlottesville, Virginia-based company has expanded its offerings from vodka to tequila-based drinks, and from three to 30 states, aligning itself with distributors such as Columbia and Gold Coast Beverage.
Spirits Feature: How Craft Spirits Have Fared A Year Into The Pandemic
Pre-existing off-premise positioning boosted craft spirits’ chances, but an increase in demand also helped the industry thrive. Alcohol e-commerce platform Drizly recently reported that wine was replaced for the first time by liquor, and that demand shows no sign of slowing.
Spirits Gallery: RTD Cocktails Spring Forward
In this gallery, we highlight some of the notable recent releases from the past month, highlighted by a slew of tequila-based cocktails and seltzers, an RTD debut from Savage and Cooke, and baseball-themed cans from Cutwater Spirits.
As RTD Ambitions Grow, Greenbar Sees “Cocktail Dream” Realized
This year, fueled by a 384% sales increase in 2020, Los Angeles-based Greenbar Distillery is expecting its now-expanded family of RTDs is be above 80% of total volume.
Spirits Gallery: New Names Enter RTD Cocktails
In this gallery, we highlight some of the notable new releases thus far, which features several well-known spirits brands -- including Bombay Sapphire and Ogden's Own -- making their RTD debuts.
Spirits Gallery: Whisky Stars Amidst New Year Releases
In this gallery, we highlight some of the most notable and eye-catching new releases from January and February, including a Portuguese cask-finished Scotch from Dewar's, a special charity themed expression from New Riff, and three new ultra-premium offerings from Benriach.
Uber to Acquire Drizly for $1.1 Billion in Stock and Cash Deal
Ride-sharing tech behemoth Uber Technologies has struck a deal to acquire on-demand alcohol delivery marketplace Drizly for $1.1 billion in stock and cash, the companies announced today.
Sesh Seeks Middle Ground With Hybrid Cocktail-Seltzers
One year, one rebrand and one reformulation after its original scheduled launch, XED Beverages co-founders Zeke Bronfman and Nate Medow are looking to pick up from where they never got a chance to start with the company's debut product: Sesh, a four-SKU line of 6% ABV cocktail-based spiked seltzers.