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
The Sazerac Company Invests in John Distilleries
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.
Revive Lands $7.5M Peet’s Investment
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.
Royal Cup Acquires Icebox Coffee
In a press release last week, Royal Cup announced the closure of the acquisition, which included both the Icebox brand trademark and the New Orleans company’s production facilities. Icebox founder and president Bebe Goodrich has joined Royal Cup as director of liquid product innovation, overseeing the newly formed ready-to-drink arm.
Kill Cliff Fuels Up With Sunrise Investment
Sunrise Strategic Partners, an investment firm with a focus on healthy and sustainable foods, announced Thursday that it has acquired a minority ownership stake in Kill Cliff. The deal marks the eighth investment for the young firm and the first beverage brand addition to its portfolio.
Brynwood Partners Acquires Cold Spring Brewing Co.
Minnesota-based Cold Spring Brewing Company has been acquired by Brynwood Partners, a Connecticut-based private equity firm with existing investments in a variety of food and beverage companies.
PE Firm Acquires Calypso Lemonade Maker
Investment firm Mason Wells has acquired Calypso lemonade parent King Juice Company, Inc. for an undisclosed sum, the Milwaukee-based co-packer announced Tuesday.
Bai Acquisition Still Settling for DPSG
DPSG spent $40 million in expenses for Bai during the spring, the company reported, half of which went toward marketing. An additional $49 million spent toward repaying debt contributed to the company’s 28 percent earnings drop.
TemperPack Raises $10M To Upset Packaging Industry
SJF Ventures led the round, while other investors included Interplay Ventures, Third Prime Capital, Dolik Ventures, and Robert Beckler, the former president of packaging at WestRock.
First Beverage Closes $64M Second Fund
First Beverage CEO Bill Anderson told BevNet that the addition of new capital as well as new team members and investors would allow the firm to provide a broader range of insights from within and outside the beverage industry.
Revere Launches, Lands $2M in Seed Funding
Plant-based, health startup Revere launched last week with plans of bringing personalization to athletes’ pre- and post-workout mixtures. Now, the direct-to-consumer drink mix company has announced it raised $2 million in a seed round led by Lerer Hippeau Ventures prior to the launch.
Analysts React to Stonyfield Acquisition
In discussing the deal with BevNET, analysts and experts in the organic grocery space noted that while the deal was ostensibly about freeing Danone to secure the bigger prize of acquiring WhiteWave, it also affirms the long-term value of a strong organic brand.
Evy Tea Closes $1 Million Seed Round
Founded in 2014, Evy Tea’s ready-to-drink line is now available in roughly 500 stores throughout the Northeast, and Chen said she wants to dominate the region before expanding further. The company is currently in serious talks with several top beverage distributors.
Dean Foods Acquires Uncle Matt’s Organic
In a call with BevNET, Uncle Matt’s CEO Matt McLean said that while there were a variety of potential options for both new investment and acquisition of the company, “we fell in love the Dean Foods team and what they could offer."
Video: The State of Beverage Investment
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.