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
Taste Radio: Can Kombucha Make A Comeback? Money Is Still Flowing… In Some Spaces.
It’s a “buy or sell” episode as the hosts opine about the future of online grocery shopping, fish sticks, and whether kombucha can recapture some of its magic (and sales). They also discuss Athletic Brewing Co.’s recent $50 million financing round and highlight a few fizzy and spicy new products.
Alliance Consumer Growth Closes $160M Fund V
Growth equity investment firm Alliance Consumer Growth (ACG) announced today it has closed on a new, $160 million fund, the company’s fifth. The new fund brings ACG’s lifetime financing to over $1 billion in aggregate capital commitments, the firm said.
Gallo Expands Luxury Portfolio with Ron del Barrilito and Derrumbes Mezcal
Spirit of Gallo is adding mezcal into its expanding super premium portfolio, while returning to top-end rum with an investment in Ron del Barrilito.
Athletic Brewing Closes On $50M Equity Financing Round, Led By PE Firm General Atlantic
Fast-rising non-alcoholic beer maker Athletic Brewing Company has closed a $50 million “equity financing round” led by private equity firm General Atlantic, with several key investors from previous fundraising rounds also participating.
BevNET Live: Bader Alam on “Untold Strategies” for Raises and Exits
In this video, Bader Alam of Full Frame Growth Partners talks about the right time for brands to approach institutional investors, how he helps brands set their long term goals and what entrepreneurs don’t think about when they deliver their fundraising stories.
BevNET Live: Key Moments at Lemon Perfect
In this video from BevNET Live Summer 2024, Lemon Perfect founder and CEO Yanni Hufnagel speaks about making "tough calls" as he has scaled his beverage brand.
BevNET Live: Diageo’s Head of North America Ventures Sallie Jian On Investment Strategy, Non-Alc
Sallie Jian, Head of North America Ventures for Diageo, says the spirits giant is paying attention to the non-alc category as younger generations moderate and abstain from bev-alc.
BevNET Live: How Minority Founders Can Elevate the Beverage Business
In this video from BevNET Live Summer 2024, three beverage founders – Equitea CEO Quentin Vennie, Mocktail Club CEO Pauline Idogho and Uncle Waithley’s CEO Karl Williams – sat down with BevNET editor-in-chief Jeff Klineman to discuss how minority-owned businesses can best tackle the institutional barriers to success.
BevNET Live Replay: The State of The Beverage Market
During the opening session of BevNET Live Summer 2024 in New York City, industry stakeholders from multiple arenas sat down with editor in chief Jeff Klineman to share their insights into the current state of the beverage market and the dynamics affecting entrepreneurs.
Pronghorn Makes First NA Investment in Mocktail Club
Mocktail Club, maker of a line of non-alcoholic canned cocktails, announced today it has received an investment from spirits industry capital and brand building firm Pronghorn, aimed at helping the Washington, D.C.-based business expand across the country.
Retail Strategy Firm PLTFRM Broadens Base with Eye to New Channels
As online marketing and ecommerce have radically changed the playbook for brands, CPG strategy firm PLTFRM is aiming to provide a new “operating system” for modern startups, and now it’s expanding its retail and marketing services to new channels and new industries.
Under Next in Natural’s Lead, Sound Works Towards Profitability
Late last year, sparkling beverage maker Sound was facing an existential crisis. Social media had gone quiet and consumers seeking out its canned botanical and tea drinks online and in stores were met with months-long out of stocks.
Suja Life Acquires Slice Soda Trademark
Suja Life has announced its acquisition of soda brand Slice, representing the company’s second acquisition since its purchase of Vive Organic in 2022. Terms of the deal were not disclosed.
Uncle Nearest Acquires Square One Organic Spirits
Uncle Nearest, the country’s largest Black-owned distillery, is widening its reach across spirit categories in announcing a deal to acquire Square One Organic Spirits, the company announced today.