InterContinental Beverage Capital, Inc. (“IBC”) announced it has entered into an advisory and business management agreement with Hello Beverages, LLC.
John Distilleries Private Limited, a leading Indian spirits company, today announced that The Sazerac Company ("Sazerac,”) the largest family-owned spirits company in the United States, has acquired an equity stake in JDPL from Gaja Capital, who will continue to remain partially invested in the Company.
The capital infusion will be used to grow Revive's brewery operations, scale its staff, and expand its national distribution footprint, which will include integration into Peet's company-owned cold-chain Direct-Store-Delivery (DSD) network, Coldcraft.
BevNET hosted Mike Burgmaier, managing director at Whipstitch Capital, Nick Giannuzzi, managing partner at law firm The Giannuzzi Group, and Tim Spier, founder and managing partner at Boulder Food Group, for a panel discussion on the state of beverage investment last week at BevNET Live Summer 2017.
Nestlé joins fellow beverage companies Coca-Cola, PepsiCo, Dr Pepper Snapple Group and Keurig Green Mountain in investing in the Closed Loop Fund, a $100 million social impact investment fund that provides municipalities with access to capital for projects aimed at improving recycling programs.
The Austin-based company today announced the close of a $17 million funding round led by Boulder Investment Group Reprise (BIGR), a growth equity fund the partners with early-stage natural and organic products.
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.
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.
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.
The San Francisco-based Full Harvest, founded by Christine Moseley, a former head of business development at Organic Avenue, has raised $2.35 million thus far, having brought in $350,000 from The Impact Engine, Astia and Wilson last May.
The New York-based bag-in-box coffee brand completed a $2.4 million equity funding round this week, giving founders Matt Bachmann and Ben Gordon the capital to tackle expanded distribution and a growing product line.
Zoe Leavitt, Retail & Food Technology Analyst at CB Insights, led the online presentation, which explored recent investments, current trends and forward-thinking innovations in the food and beverage industries.
Celsius Holdings, Inc., the maker of zero-calorie fitness drink brand Celsius, this week announced a new $15 million round of funding led by current investor Hong Kong-based Horizons Ventures, a private investment arm of billionaire Li Ka-Shing. Gloria Tang Tsz-kei, a popular Chinese singer-songwriter known as G.E.M, and zVentures, the strategic investment arm of Razer, a leading lifestyle brand for gamers, were also investors in the round.
In an e-mail to BevNET, Jordan Gaspar, co-founder and managing partner at AccelFoods, said that the move represented an evolution of the fund to better serve the specific needs of each company and its founders.