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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How Did Gorgie Raise $6.5M Without VC Cash?

After just six months on the market, female-focused energy drink Gorgie is already finding its stride. The New York-based brand founded by Michelle Cordeiro Grant announced the close of a $6.5 million pre-seed funding round today.

Co-Packer Connector Platform Raises $4M

PartnerSlate, a contract manufacturing database, has raised $4 million to expand its PartnerMatch platform which connects food and beverage brands to co-mans using AI streamlining the process of searching for and matching with suitable producers.

Selva Ventures Looks to Double BFY CPG Portfolio with $34M Fund II

Health and wellness-focused CPG investment firm Selva Ventures announced this week it has closed a $34 million raise for its second fund, which included backing from Unilever Ventures, PagsGroup and Obelysk as well as existing investors.

With RTD In the Spotlight, Chamberlain Coffee Closes $7M Funding Round

Chamberlain Coffee, the ready-to-drink and bagged coffee brand founded by YouTube star Emma Chamberlain, this morning announced it has closed a $7 million funding round led by existing investors Blazar Capital, United Talent Agency and Chamberlain herself.

Cure Hydration Brings in $5.6M Series A Round, Expands to 15,000 Doors

Cure Hydration has raised $5.6 million in a Series A funding round led by Lerer Hippeau, the company announced this week. The funding arrives as the New York-based functional drink mix brand has expanded its retail presence to over 15,000 doors nationwide.

DRNXMYTH Closes $3.7 Million Round to Manufacture in the U.S., Scale Distribution

Ready-to-pour cocktail DRNXMYTH has secured $3.7 million as it prepares to manufacture its innovative packaging in the U.S. and expand its retail footprint. The Series A round was led by an unnamed beverage venture firm, with Red Door Capital announcing an investment of $975,000 to close out the round on Tuesday.

Jack Owoc Out At VPX/Bang

Jack Owoc, the controversial CEO and founder of Bang Energy maker Vital Pharmaceuticals, is out as the company’s chief executive and chief science officer, and from its board of directors, where he had served as chairman, effective immediately.

Pureboost Raises $2.6M in Crowdfunding As Retail Business Expands

Clean energy drink mix brand Pureboost announced it has raised over $2.6 million via crowdfunding from over 500 individuals as it prepares to expand its retail presence this year. Launched in 2018, Pureboost produces powdered energy drinks sold in single-serve stick packs.