![]() The company sold 6M cocktails in the first three months of 2022 and reported 2X revenue growth in FY22. What they do: Jimmy’s Cocktails sells non-alcoholic cocktail mixers. The beverages are available in 29,000 stores, including Whole Foods and 7-11, as well as on Amazon. The company had $45M in sales in 2021, and $3M of that was from the merchandise. What they do: Liquid Death is a non-alcoholic beverage company that sells still and sparkling water, as well as merchandise. Previous to their Series A, the startup raised $2.13M through debt funding (Pitchbook). Montucky Cold Snacks raised $5.7M in a Series A round. The startup is also known for giving 8% of their profits back to the communities they serve. What they do: Montucky Cold Snacks is a brewer of light beer that targets outdoor enthusiasts. ![]() The answer may lie in the success of these major players in the space. So, the question now is whether alcohol startups will continue to see such huge growth in 2023. In 2021, alcohol startup investments came roaring back to over $1 Billion - for the first time ever. Post-pandemic life is a completely different story, however. Despite the lack of in-person events during the pandemic, alcohol lovers were still finding ways to connect about their passion, even if it meant through an online wine club or virtual happy hour.ĭespite this, alcohol startups saw a steep drop in VC funding in 2020, only netting $343 Million, less than half of the amount from the year prior.
0 Comments
Leave a Reply. |