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Beverage Investor Pins Hopes on Hard Stuff

Los Angeles Business Journal: By Caroline Anderson A Century City-based investment bank that has focused on backing startups making nonalcoholic beverages is growing up a little for its second fund. First Beverage Group, which raised $64 million last month for the new fund, will include companies making alcoholic drinks this time around. That’s a departure […]

First Beverage Group Acts as Financial Advisor to 21st Amendment Brewery and Funkwerks Brewing Company in Their New Partnership with Brooklyn Brewery

First Beverage Group: First Beverage Financial, the investment banking arm of First Beverage Group, announced that it acted as the exclusive financial advisor to both 21st  Amendment Brewery and Funkwerks Brewing Company in their new partnership with Brooklyn Brewery.  The partnership includes an expanded sales and marketing relationship and, as part of the agreements, Brooklyn […]

Brooklyn Teams with 21st Amendment, Funkwerks for Sales and Distribution Operation

Craft Business Daily: The Brooklyn Brewery has just announced that it’s teaming with California brewer 21st Amendment and Colorado’s Funkwerks Brewing Company to  launch a new sales and distribution platform effective January 1, 2018. The combined sales organization includes a field sales and key accounts team of 70 salespeople and 90 brand ambassadors covering 38 […]

First Beverage Closes $64M Second Fund

BevNET.com: First Beverage Ventures, the private equity arm of advising and consulting firm First Beverage Group, has closed its second fund at a total of $64 million, according to paperwork filed with the U.S. Securities and Exchange Commission last week. Founded in 2013, First Beverage has made strategic investments in brands such as Health-Ade Kombucha, […]