Beam Suntory was among the investors in the organic alcohol brand's series C round, possibly the largest yet in the space.
US-based organic alcoholic beverage producer Flying Embers completed a $20m series C round led by spirits producer Beam Suntory yesterday, as health consciousness making inroads into the alcohol market.
Founded in 2017, Flying Embers produces organic alcoholic beverages such as its Hard Kombucha and Hard Seltzer lines, some of which contain probiotics and botanical adaptogens.
The drinks are intended to offer a healthier alternative to other alcoholic drinks, and the company will use the funding to grow its marketing capability…
Fernando Moncada Rivera
Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
