The $106m venture financing of Kitu Life was the beverage industry’s top venture financing deal as total deals worth $375.1m were announced globally in August 2021, according to GlobalData’s deals database.

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The value marked a decrease of 46% over the previous month of $694.25m and a rise of 70.9% when compared with the last 12-month average, which stood at $219.51m.

Comparing venture financing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $286.39m. At the country level, the US topped the list in terms of deal value at $286.39m.

In terms of volumes, North America emerged as the top region for beverage industry venture financing deals globally, followed by Asia-Pacific and then Europe.

The top country in terms of venture financing deals activity in August 2021 was the US with 17 deals, followed by the China with four and India with four.

In 2021, as of August, beverage venture financing deals worth $2.49bn were announced globally, marking a decrease of 284% year on year.

beverage industry venture financing deals in August 2021: Top deals

The top five beverage industry venture financing deals accounted for 49.8% of the overall value during August 2021.

The combined value of the top five beverage venture financing deals stood at $186.96m, against the overall value of $375.1m recorded for the month.

The top five beverage industry venture financing deals of August 2021 tracked by GlobalData were:

1) 7-Eleven,Dave Burwick,Dave Peacock,Doss Cunningham,Durable Capital Partners and LivWell Ventures $106m venture financing deal with Kitu Life

2) The $30.11m venture financing of Grind by Richard Koch

3) GREEN RUSH HOLDINGS,PYRAMID CITY PROJECTS,SKS Capital & Research and Valiant Mauritius Partners FDI $20m venture financing deal with B9 Beverages

4) The $15.44m venture financing of Fu Bixing by Binfu Capital,Galaxy Ventures and Zhongding Capital

5) Jiang Xiaobai and Oriental Fortune Capital $15.42m venture financing deal with Sichuan Meihe Wine