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
Investment Analysis: As a Dry 2024 Ends, Brands Should Invest in Self-Love
Big-brand portfolio reshuffling isn’t going to all of a sudden clear a pathway to acquisition for tiny brands to get scooped up by huge food concerns – at least not right now. Instead, strategics are looking for those billion-dollar acquisitions that can bring them tangible revenue gains.
Daily Briefing (Insiders Only): Hint Water Adds New Leadership, Capital
San Francisco-based flavored water brand Hint announced it has landed two seasoned beverage executives as new leaders for the company.
Daily Briefing (Insiders Only): Lifeway Rejects Second Danone Purchase Offer
Lifeway Foods spent little time weighing a second acquisition offer from Danone North America, and the answer is still “no.” The kefir producer officially rejected Danone’s proposal this morning, which included acquiring all remaining Lifeway shares for $27 per share – around $307 million total.
Bawi Closes $3.5M To Scale Operations
Agua fresca maker Bawi has raised a $3.5 million seed round led by a $1.5 million infusion from Brand Foundry as the Austin-based brand scales operations for a distribution push in 2025.
Daily Briefing (Insiders Only): A Stop At Union Kitchen’s Meet the Makers
This weekend, Union Kitchen opened up the kitchen doors and invited in hundreds of attendees while offering a chance to chat with, sample and shop nearly 150 brands during its Meet the Makers event. Here’s some highlights from what we saw.
Molson Coors Takes Majority Stake in ZOA Energy
Molson Coors has acquired a majority stake in energy drink brand ZOA in a $53 million cash transaction, expanding its growing non-alcoholic beyond beer portfolio and adding to rising M&A interest across the energy space.
Daily Briefing (Insider Only): DSD Darling Dora’s Doubles Down on Expansion
Call it one of those “good” problems: NYC-based cold-chain DSD house Dora’s Naturals is operating at about 130% capacity from its current warehouse, said head of business development Tanya Seber on a call last week.
Keurig Dr Pepper To Acquire GHOST, Expanding Energy Business
Keurig Dr Pepper has agreed terms to acquire energy drink and sports nutrition business GHOST, bringing one of the category’s fastest growing brands into its expanding energy portfolio.
‘It’s All About the Story’: Blue Stripes Seeks Next Growth Stage With New Capital
Blue Stripes, the brainchild of renowned chocolatier Oded Brenner, is aiming to generate brand awareness, drive sales and roll out new marketing efforts to support its whole cacao products with the support of a recent $20 million Series B funding round led by Zintinus.
Hershey-Backed Blue Stripes Raises $20 Million to Advance Its Technologies, Develop New Products
Blue Stripes, a purveyor of sustainable cacao fruit-based food and beverage products, announced today it has raised $20 million in a Series B funding round intended to help the brand advance its whole cacao process technologies, develop new products and expand distribution.
Keychain Unlocks New Opportunities With Hershey’s Investment
Manufacturing B2B platform Keychain recently added $2.5 million from The Hershey Company, bringing the technology company’s total investment to $20.5 million in under a year.
Betting On Breast Milk: Is Lactoferrin CPG’s Newest Functional Ingredient Obsession?
Bioactive protein lactoferrin used in supplements and infant formula is usually derived from cow’s milk but a number of precision fermentation companies are using innovative processes to create a less expensive and more sustainably sourced ingredient.
Palm Tree Crew Talks Cove Soda Investment: Brand ‘Checked Every Box’
Palm Tree Crew, which announced an investment in Cove Soda earlier this week, believes there’s ample opportunity to have “multiple winners” in the rising functional CSD category, CEO Michael Diaz told BevNET.
PepsiCo Acquiring Siete Foods for $1.2 Billion
PepsiCo, Inc. announced this morning it has entered into a definitive agreement to acquire Siete Foods for $1.2 billion. The transaction is expected to close in the first half of 2025, pending regulatory approval and customary closing conditions.