As it looks to scale up to meet fast-rising demand for new innovations, Liquid Death announced this morning it has closed a $67 million funding round at a valuation of $1.4 billion. The financing adds to the more than $200.6 million the better-for-you beverage maker has raised since 2019, while the new valuation is double the $700 million valuation it touted following its Series D round closed in 2022.
After opening a new investment round in January that has already raised $5 million, Sanzo is adding some star power to its cap table, announcing this morning that producer/DJ Steve Aoki and actor Simu Liu are joining the sparkling water brand as investors.
Dyla has seen revenue increase by over $30 million in the past year, “well over” the $100 million mark, as it has sold “over 1.5 billion liquid and powder servings of drink mix,” founder and CEO Neel Premkumar told BevNET this week.
Fighting back against anti-alcohol messaging and rediscovering industry optimism following a year of flat spirit sales were two of the major themes at the annual Distilled Spirits Council of the U.S. (DISCUS) conference in San Diego this week.
In this week’s new products roundup, Natalie’s Orchid Island Juice Company teams up with Lilly Pulitzer to celebrate the resort wear brand’s 65th anniversary, wildwonder unveils its newest flavor that pays homage to its founder’s Chinese heritage and BEAM launches its first on-the-go greens product.
A recent Forbes article sparks the hosts’ passionate discussion about the role that food and beverage conglomerates should play in the health and wellness of American consumers. They also opine on an unexpected acquisition and its impact on an emerging category and chat about their preparation for Expo West 2024.
At BevNET Live in New York City on June 12 + 13, beverage brands can participate in retailer One-to-Ones, Powered by SIP & Relentless Trade Solutions. Whole Foods Market and Lowes Foods buyers will be available for private, pre-scheduled meetings. Brands will be selected at each retailers’ discretion.
ROAR Organic announced today it has received a $10 million investment from equity stakeholder Factory LLC, aimed at supporting the hydration beverage brand as it experiences recharged growth in national retail.
Total BevAlc sales growth decelerated modestly in the two-week period ended February 24, reflecting accelerated volume declines and slightly stronger average pricing growth, according to Goldman Sachs Equity Research’s latest analysis of NielsenIQ data.
Seattle-based craft soda producer Jones Soda Co. is crossing over into BevAlc with the launch of Spiked Jones Hard Craft Soda, announced yesterday.
To help you navigate all of the beverage-related exhibitors at Expo West 2024, we’ve produced a printable Booth Planner which lists companies both alphabetically and by booth number.
THC-infused beverages are on the march in Texas, as liquor retail chain Spec’s has added Pamos Cannabis Cocktails & Spirits to over 200 locations in the Lone Star State.
Non-alcoholic beverage sales decelerated slightly as volume declines worsened during the two-week period ending February 24, according to the latest analysis of NielsenIQ data by Goldman Sachs Equity Research.
Two brands are taking two different approaches to expansion as they vie to be the "first" hard seltzer brand launched for and by Black people.
