The $31m venture financing of CANTEEN Spirits was the beverage industry’s top venture financing deal as total deals worth $621.8m were announced globally in April 2021, according to GlobalData’s deals database.

  • Embed this chart

    Embed this chart into your website

    Copy and paste the image source into your website to display the chart.

The value marked an increase of 138.3% over the previous month of $260.91m and a rise of 480.3% when compared with the last 12-month average, which stood at $107.16m.

Comparing venture financing deals value in different regions of the globe, Asia-Pacific held the top position, with total announced deals in the period worth $530.62m. At the country level, the China topped the list in terms of deal value at $530.62m.

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 April 2021 was the US with 13 deals, followed by the China with six and India with two.

In 2021, as of April, beverage venture financing deals worth $947.63m were announced globally, marking an increase of 273.6% year on year.

beverage industry venture financing deals in April 2021: Top deals

The top five beverage industry venture financing deals accounted for 14.7% of the overall value during April 2021.

The combined value of the top five beverage venture financing deals stood at $91.12m, against the overall value of $621.8m recorded for the month.

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

1) ATX Venture Partners’ $31m venture financing of CANTEEN Spirits

2) The $21m venture financing of Ava Food Labs by Horizons Ventures, Litani Ventures and SOSV Investments

3) Cathay Capital (China) and Chuangxianghuanju Investment Fund’ $15.39m venture financing of Si Shi Jiu Fang

4) The $15.22m venture financing of Oran Brewing Group by Black Ant Capital and Hillhouse Ventures

5) Aaron Rodgers, Ashley Greene, Darren Sproles, Jonathan Stewart, Josh Allen, Lance Bass, Michael Bisping, Ron Everline, RX3 Growth Partners and Sloane Stephens’ venture financing of Hydrant for $8.5m.