Bulletproof Shows Off its Guns with $19M Series B
The round was led by CAVU Venture Partners, a well-known food and beverage investment firm which boasts alumni brands such as vitaminwater, Sweet Leaf Tea and Deep Eddy Vodka.
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Beverage School: How Brands Are Building On Campus – Part 2 of 2
The next challenge for nascent beverage startups Up Dog Kombucha and is to build on their on-campus wins and retain their respective student consumer bases as they move on to post-graduation life.
First Beverage Invests in Mezcal Brand, Gem&Bolt
First Beverage Ventures, the private equity arm of First Beverage Group, today announced an investment in mezcal brand Gem&Bolt, marking the first time that the firm has invested in a distilled spirits company.
Draft Latte Powers La Colombe to Big Start in 2017
La Colombe’s canned Draft Latte has been on the market for just over a year, but the innovative beverage is now the fastest growing RTD coffee in the U.S., according to the premium coffee manufacturer and retailer, which cited recent sales data from market research firm IRI.
Wells Fargo: Bai Outlook Optimistic Despite Lowered Expectations
Investors have sought more details about DPSG's revised growth plan for Bai and on whether its management team can deliver on high expectations. On Tuesday, a report from Wells Fargo Securities offered a clearer analysis of the acquisition, the guidance revision, and the future of Bai, presenting optimism along with some explanations
Ellie Goulding Joins CORE As Investor, Endorser
CORE Hydration has unveiled singer Ellie Goulding as its newest celebrity investor and the centerpiece for a new cross-platform marketing campaign this summer.
Beverage School: How Brands Are Building On Campus – Part 1 of 2
Two recently launched college-based beverage startups, Up Dog Kombucha and Sunniva Super Coffee, have leveraged university resources and their own insight into students’ shifting tastes and demands to create a viable route to market from their dorm room to store shelves.
Press Clips: Kombucha in Cans, How Slingshot Coffee Entered Target
Cans open new packaging opportunities for kombucha, how Target sought out Slingshot Coffee, caffeine overdose kills South Carolina teen, woman wins "hot coffee" injury lawsuit against Starbucks, new study says carbonated beverages increase appetite.
BevNET Podcast Ep. 58: Why Juice Press is “Constantly Reinventing the Wheel”; The Soylent Phenomenon
In this episode of the BevNET Podcast, Marcus Antebi, who launched cold-pressed juice chain Juice Press in 2010 and now presides over a chain of 62 stores across the Northeast, explained his belief that “common innovation is complete” and that it’s incumbent upon food and beverage manufacturers to up the ante with nutrient-dense ingredients and formulations.
New Age Beverages Acquires Premier Micronutrient Corporation
The no-cash agreement brings 100 percent of the assets and interests of PMC, its portfolio of products, intellectual property, and the formulas for existing and planned healthy functional beverage products for the pharmacy, medical, sports and military, and other industries.
Lumi Juice to Move Headquarters to Pennsylvania, Puts HPP Machine On the Market
Cold-pressed juice brand Lumi Juice is moving its headquarters to the Philadelphia area as it seeks to reduce overhead costs and expand its distribution footprint. The company, recently signed a deal with Universal Pasteurization, a provider of cold storage and HPP services to food and beverage manufacturers, to lease a 6,000 sq. ft space within its Malvern, Penn. facility.
Inspired Brews Kombucha Feels The Love in Philly
Inside Inspired Brews’ 750 sq. ft. production space, located a few blocks west of the Delaware River in a neighborhood called Old City, customers can see that process happening before their eyes. Around eight to 10 varieties, made with local organic produce whenever possible, are produced at any given time and flavored in five-gallon glass barrels.
Owl’s Brew Lands $4M in Series A Round
Owl’s Brew, makers of tea-based cocktail mixers and a tea-and-beer Radler line, announced Thursday it has closed a $4 million series A funding round. The round included large investments from firms Cambridge Companies SPG and Anheuser-Busch InBev’s ZX Ventures.
Nestea Takes ‘Less is More’ Revamp On Tour
After announcing earlier this year that the tea brand would be relaunched with new packaging and a cleaner formula, Nestle Waters North America is now taking the new Nestea to several U.S. cities with a touring “tiny home,” starting Wednesday in New York City’s Herald Square.