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Los Angeles-based foodtech company Soylent has pulled in some Silicon Valley-grade investors, closing out a Series B financing round today with $50 million in funding, led by GV (formerly Google Ventures), bringing the company’s total funding to $74.5 million.
In an interview with BevNET, Spindrift CEO Bill Creelman explained that the company’s rapid growth made securing more working capital a primary objective for this funding round.
James J. Greco takes over as CEO at True Drinks, Gerry David takes first post-Celsius post at the Rocky Mountain High Brands board of directors, Art Carey joins Treo, Karen Wiernik takes on new role within CytoSport.
Seeing “nitro” and “coffee” in on the front of the bottle, we were expecting something that was pretty typical of that particular category. But that’s far from the case.
Beverage brand incubator L.A. Libations has partnered with Trimino, the Connecticut-based makers of a line of protein-infused flavored waters which has rapidly expanded out of its Northeast origins and into grocery and box store chains across the country.
Sales of carbonated soft drinks and energy drinks were up in April, according to a Wells Fargo Securities report detailing the latest Nielsen xAOC (expanded all outlets combined) and C-store non-alcoholic beverage sales data for the four-week period ending on April 22
In the first of an ongoing series examining issues related to the kombucha industry, we examine how the clash between hard science and unverified evidence regarding the fermentation process and health benefits of kombucha is shaping the category both consumers and producers.
The company announced today the creation of Coldcraft, a new business unit dedicated to cold brew coffee innovation and distribution. Coldcraft will focus on building the RTD and draft keg business for Peet’s and third-wave coffee producer Stumptown, which the company acquired in 2015.
The letter cited claims from the JÙS By Julie website stating that several of its cold-pressed juices and soups included ingredients that could “fight diabetes,” “lower bad cholesterol,” “control blood pressure” and “offsetting common life disrupting ailments such as depression and ADHD,” among other benefits.
The Boston-based Cold Brew Tea company is currently seeking to raise $1 million in a series A funding round. Its ready-to-drink line is now available in more than 500 retail stores in the Northeast, including 33 Whole Foods Markets.
The Financial Times reports on Albertsons interest in acquiring Whole Foods, while Demi Lovato's Instagram endorsement of "detox" tea blend Teami sparks a backlash from some fans.
In this episode of the podcast, we discuss some of the big stories in the food and beverage business, including tough press for Juicero, operational issues for brands like Soylent and Reed’s, and the ways the largest, publicly-traded food and beverage companies are attempting to refresh their lineups through transactions -- and through change at the top.
Born from experimentation at their cafes, Stumptown’s latest effort is, at least in our opinion, its most innovative and audacious offering to date. On the surface, the concept of blending carbonation with cold brew might not sound that exciting, but what it has created is much more interesting.
Bai, which DPSG acquired for $1.7 billion in November, saw 80 percent volume growth over the quarter. While the company is optimistic for Bai’s flagship brand to grow, current predictions point to Bai Bubbles, Supertea, and Black having the greatest potential, particularly as the sparkling water category sees double-digit growth, according to DPSG CEO Larry Young.