Magic Mind Secures New $12M Investment
Mental performance shot maker Magic Mind secured $12.4 million of a nearly $16 million round as it grows its retail footprint.
Investment
Dive into the latest stories, interviews, and discussions relating to investment, funding, and mergers and acquisitions throughout the beverage industry. Explore what the financial future looks like for beverage entrepreneurs in terms of capital availability, deal terms, lending, and the strategic marketplace in order to help shape your planning strategy for the short and medium term.
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Featured Investment Content
Daily Briefing (Insiders Only): Big Weed Bets on Bevs
If beverage entrepreneurs somehow thought the THC drink business would be more “chill” than the non-infused side, they might soon learn a hard lesson.
Uncle Arnie’s Raises $7.5M, Targets ‘Category Leadership’ in THC Drinks
Cannabis beverage brand Uncle Arnie’s is planning to nearly double its team from 40 to 75 employees after closing a $7.5 million investment round co-led by Mindset Capital and Delta Emerald Ventures.
Additional Content
Droplet Fundraises On New Crowdfunding Platform Designed For PoC Founders
Female PoC-owned sparkling, adaptogen-enhanced water brand Droplet activated a crowdfunding campaign this month on NuAMP, a new platform dedicated to connecting PoC founders with various forms of capital. Created in collaboration with community fundraising platform NuMarket and AMP, a tech company connecting PoC founders with funding resources, the NuAMP program debuted with seven active crowdfunding campaigns to support diverse founders across the country
Constellation Brands Net Sales +11%, Shipments +8.8%, Depletions +8.9% in FY 2022
Constellation Brands’ beer business recorded an +11% increase in net sales growth, to $6.75 billion, for the company’s 2022 full fiscal year.
Koia Names The Weeknd, Kyler Murray Amid Slate of New Investors; Chris Paul In Discussions on “Expanding His Role”
Refrigerated plant-based beverage brand Koia’s cap table continues to grow with today’s announcement that Grammy-winner The Weeknd, comedian Kevin Hart and a wide ranging group of athletes and entertainment figures have made an investment. The new funding will go towards supporting product innovation and retail expansion.
Speed Dating: Connecting Brands with Investors on October 29
BevNET & NOSH Speed Dating, a virtual event designed to connect food and beverage brands with industry experts, returns on Thursday, October 29. For this round, brands have the opportunity to meet one-on-one with CPG investors.
Coca-Cola Acquires Full Ownership of Fairlife
The Coca-Cola Company has acquired the remaining stake in dairy producer Fairlife LLC, the company announced on January 3. The soda giant had been a minority investor in Chicago-based Fairlife since 2012, holding a 42.5% stake in the brand through a joint venture partnership with Select Dairy Producers.
OWYN Closes $7.5 M Round Led by Powerplant Ventures
Plant-based beverage maker OWYN has raised $7.5 million in a financing round led by Powerplant Ventures, the company announced today. Powerplant co-founder and partner Mark Rampolla will join the brand’s board of directors.
Investment Roundup: Grady’s Calls for Crowdfunding; JAB Forms Peet’s JDE
In this roundup of recent investment and M&A news, New York-based Grady's Cold Brew kicks off a crowdfunding investment campaign online, IFF and DuPont come together, and the merger of Peet's Coffee and Jacobs Douwe Egberts sets the stage for potentially the world's biggest publicly traded coffee company.
First Beverage Group Enters CBD Stakes With Mad Tasty
First Beverage Group is getting into the CBD business with today’s announcement of its investment in Mad Tasty, a line of infused sparkling waters backed by Interscope Records recording artist Ryan Tedder, lead singer of the group One Republic.
New Slice Ventures Acquires Somerset Sparkling Water
New Slice Ventures, a Pennsylvania-based group that re-launched carbonated soft drink line Slice earlier this year, announced yesterday it has acquired caffeinated sparkling water brand Somerset, the second sparkling water in the company’s portfolio.
WellWell Closes $3.9M Series A Funding Round
Plant-based functional beverage maker WellWell has closed a $3.9 million Series A funding round led by Sweat Equities, the company announced on Tuesday.
Mooala Closes $8.3M Series A Round
Plant-based dairy maker Mooala announced today it has raised $8.3 million in a Series A financing round led by Sweat Equities. The round brings the three-year-old brand’s total funding to more than $13 million. The round also includes additional financing from M3 Ventures, which led Mooala’s $5 million seed round last year.
CLEAN Cause Raises $7M in Series A
Seeking to expand its sales and marketing team, sparkling yerba mate drink maker CLEAN Cause announced today it has raised $7 million in a series A round. Speaking with BevNET, CLEAN Cause founder and CEO Wes Hurt said the round was entirely financed by private individuals from the Austin, Texas area, where the nearly five-year-old brand is based.
Naturex Acquires Swedish Oat Fiber
Naturex announces its acquisition of 100% of the shares of Swedish Oat Fiber, a specialised Swedish manufacturer of oat-based extracts and ingredients.
InterContinental Beverage Capital Agrees to Advise Hello Beverages
InterContinental Beverage Capital, Inc. (“IBC”) announced it has entered into an advisory and business management agreement with Hello Beverages, LLC.