New Year’s Eve is tomorrow! All across the world, people will be ringing in 2025 with friends, family, and, of course, refreshing beverages.Drinks are a major part of startup investing, too. Every year, we see a variety of beverage companies raise money in the online private markets.To celebrate the new year, today’s Chart of the Week shows the amount of funding that alcohol and mocktail startups received in 2024.In 2024, 98 alcohol and mocktail companies raised a total of over $17 million. Hard liquor and beer saw the most startups, with a total of 32 and 31 companies, respectively. Ready-to-Drink cocktail companies saw $5.36M raised across 14 companies, and Mocktail, Wine, and Mixer companies raised $1.5M across 22 companies.These are the highest-funded companies in each category:
  • Hard liquor: Kuleana Spirits ($1.94 million)
  • Beer: Mother Road Brewing Company ($906,151)
  • Seltzer/RTD: Hard AF Seltzer ($1.8M)
  • Wine: Peaceful Bend Vineyard  ($124,000)
  • Mocktail: Self Care by Three Magnets Brewing ($182,685)
  • Mixer: Cheeky Cocktails ($86,150).
Happy New Year, and cheers!