Flying Embers Closes $20M Series C Round Led by Beam Suntory

Dear Client: Flying Embers, the organic hard kombucha and seltzer company hatched by the co-founder of KeVita probiotic beverages (which sold to Pepsi for $235 mill in 2016), has just announced a $20 million Series C round led by liquor giant Beam Suntory. "Follow on" investors include Power Plant Ventures, Quadrant Capital, Monogram Capital Partners, and Beechwood Capital. Founder and CEO Bill Moses tells BBD Flying Embers finished the year "well north" of $20 million in net revenue.  This latest