Total amount raised
$24 Million
Latest funding date
03/01/2021
Location
Bev has successfully raised funding over five rounds, with the latest being a Series A round. The company is backed by 11 investors, including Pareto Holdings and True Capital Management.
Bev offers premium wines made with California grapes, marketed as having less than 1g of sugar. Keep reading to explore the intricacies of Bev's fundraising journey and the investors backing this innovative beverage company.
What Is Bev?
Bev is a private beverage company based in Los Angeles, California, specializing in premium wines made from California grapes. The company offers a variety of wines, including Bubbly Rosé, Bubbly White, Rosé, Sauvignon Blanc, Bubbly Sauvignon Blanc, Pinot Grigio, and Pinot Noir, all marketed as having less than 1g of sugar.
Founded with a mission to transform drinking culture and promote female empowerment in business, Bev has a small team of 11-50 employees. The company has successfully raised funding through a Series A round and has been acquired by E & J Gallo Winery.
How Much Funding Has Bev Raised?
- Pre-Seed Round
- Amount Raised: Not publicly disclosed
- Date: February 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the company's operations and initial product development.
- Seed Round
- Amount Raised: USD 958,000
- Date: March 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the product line and increase market presence.
- Debt Financing
- Amount Raised: Not publicly disclosed
- Date: January 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To manage cash flow and operational expenses.
- Seed Round
- Amount Raised: USD 7,000,000
- Date: April 2019
- Lead Investors: Founders Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance marketing efforts.
- Series A Round
- Amount Raised: USD 16,000,000
- Date: March 2021
- Lead Investors: Nia Batts
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand market reach and product innovation.
Total Amount Raised: USD 23,958,000. Current Valuation: Not publicly disclosed.
Key Investors
- Pareto Holdings
- Details: Pareto Holdings is an investment firm known for its strategic investments in early-stage companies. The firm has a diverse portfolio and focuses on high-growth potential startups.
- Investment Focus Areas: Technology, Consumer Goods, Healthcare
- Notable Investments: Participated in the Series A round for Bev
- True Capital Management
- Details: True Capital Management is a wealth management firm that provides financial advisory services to high-net-worth individuals and institutions. The firm is known for its personalized investment strategies.
- Investment Focus Areas: Financial Services, Real Estate, Technology
- Notable Investments: Participated in the Series A round for Bev
- Nia Batts
- Details: Nia Batts is an entrepreneur and investor with a focus on social impact and community development. She has a background in media and entertainment.
- Investment Focus Areas: Social Impact, Media, Community Development
- Notable Investments: Participated in the Series A round for Bev
- Founders Fund
- Details: Founders Fund is a venture capital firm that invests in companies building revolutionary technologies. The firm has a strong track record of backing successful startups.
- Investment Focus Areas: Technology, Space Exploration, Healthcare
- Notable Investments: SpaceX, Palantir, Airbnb
What's Next for Bev?
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