US beverage industry saw a rise of 10.00% in overall deal activity during August 2021, when compared with the last 12-month average, led by 7-Eleven, Dave Burwick, Dave Peacock, Doss Cunningham, Durable Capital Partners and LivWell Ventures’ $106m venture financing of Kitu Life, according to GlobalData’s deals database.

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A total of 22 deals worth $346.4m were announced in August 2021, compared with the 12-month average of 20 deals.

venture financing was the leading category in the month in terms of volume with 17 deals, which accounted for 77.3% of all deals.

In second place was M&A with four deals, followed by private equity with one transactions, respectively accounting for 18.2% and 4.6% of overall deal activity in the US technology industry during the month.

In terms of value of deals, venture financing was the leading deal category in the US beverage industry with total deals worth $286.39m, while M&A and private equity deals totalled $60m and $0m respectively.

US beverage industry deals in August 2021: Top deals

The top five beverage industry deals accounted for 53.2% of the overall value during August 2021.

The combined value of the top five beverage deals stood at $184.1m, against the overall value of $346.4m recorded for the month.

The top five beverage industry 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 $60m acquisition of Cultivauna by ayr Wellness

3) 24kGoldn,Blake Gray,Bryce Hall,CAVU Venture Partners,Chantel Jeffries,Ellie Goulding,Griffin Johnson,Halsey,Josh Richards,Kevin Love,Kygo,Nicole Scherzinger,Noah Beck,Olivia Munn,Russell Westbrook and The Chainsmokers $13.5m venture financing deal with Vngr Beverage

4) The $4.5m venture financing of Compound foods by Collaborative Fund,Humboldt Fund,Lowercarbon Capital,Maple VC Partners,Nick Green and

5) Zell Founders Fund $0.1m venture financing deal with Just Enough Wines