Prebiotic soda brand Poppi, Austin, Texas, announced $25 million in new financing led by CAVU Consumer Partners. The funding comes after a year of meteoric growth for Poppi, in which the brand experienced 148% increase in overall revenue and a 250% increase in online sales, it says.

Keurig Dr Pepper Inc. (KDP), Burlington, Mass., and Frisco, Texas, and Nutrabolt announced a strategic partnership, including a definitive agreement for a long-term sales and distribution arrangement that leverages KDP’s go-to-market capabilities and a equity investment that enables KDP to participate in the value creation upside expected to be created through the strategic partnership, the company says.

Keurig Dr Pepper Inc. (KDP), Burlington, Mass., and Frisco, Texas, announced a minority stake in Athletic Brewing Co., a leading non-alcohol craft beer maker. The transaction represents KDP’s latest move into rapidly emerging beverage categories, following its acquisition of non-alcohol ready-to-drink cocktail brand Atypique.  

Since launching its Pre-Accelerator Programme in July 2021, Distill Ventures (DV), an independent drinks accelerator devoted to building and scaling the drinks brands of the future, has invested its initial goal of $5 million to entrepreneurs from underrepresented communities. Now, DV is announcing its aim to invest an additional $5 million in global funding committed by Diageo, DV’s sole funding partner, during the next year. 

Donae Burston, founder and CEO of La Fête Wine Co., Miami, announced that Chris Paul (CP3), Phoenix Suns point guard and 11-time NBA all-star, has joined the La Fête Wine Co. family as an equity partner. Founded in 2019 as a fresh, modern and inclusive wine brand geared toward drinkers of all backgrounds, Paul joins the company at a time of extraordinary growth, the company says.

Prebiotic soda brand Poppi, Dallas, announced a round of investment from some of pop culture’s most notable personalities. 

Constellation Brands Inc., Victor, N.Y., has acquired a minority stake in Dos Hombres, an artisanal and handcrafted mezcal brand created by “Breaking Bad” co-stars Aaron Paul and Bryan Cranston. The investment was made through Constellation’s venture capital group, and Dos Hombres remains independently owned and will continue to manage, market and produce its award-winning mezcals. 

When looking across various industries, representation among minority-owned brands remains low. Although this underrepresentation also affects the beverage industry, more companies are making an effort to reduce this gap through capital investments.

Constellation Brands Inc., Victor, N.Y., has acquired a minority stake in the fast-rising rosé label, La Fête du Rosé ― a brand created to cater to diverse drinkers who share common interests across travel, food, experiences and wine. The investment was made through Constellation’s venture capital group and represents the first company to receive investment dollars as part of Constellation’s Focus on Minority Founders initiative, which plans to invest $100 million in Black, Latinx, and minority-owned businesses by 2030, it says.

Ramsey, N.J.-based Cascadia Managing Brands announced that it has taken an equity position in minority-owned KRISP DRINKS. KRISP DRINKS was founded by black entrepreneur Sean Banks, and is a Certified Minority Owned Co. by the Eastern Minority Supplier Development Council.