The Dr is In… On Athletic, with KDP’s $50 Million Investment

Dear Client: As we reported early this morning in BBD, Keurig Dr Pepper is investing $50 million into Athletic Brewing Co., providing KDP with a minority equity stake in Athletic, and a seat on its board of directors. The brewer  was advised by JP Morgan on the transaction.  It’s part of a $75 million total Series D round, where over 25 of their existing investors – including current lead investors TRB Advisors and Alliance Consumer Growth – and several celebrities