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ATHLETIC BREWING COMPANY
Athletic Brewing Company
Non-alcoholic beverage manufacturing · Milford, Connecticut · United States · Founded · 2018 · ≈ · 284 · employees

Athletic Brewing Company Funding — Last Valued at $160M

Private

Athletic Brewing Company has raised $275.5M across 3 funding rounds, plus 2 undated rounds. The latest round valued Athletic Brewing Company at $160M post-money.

ProfileValuationFundingCompetitorsStock & IPOHow to invest
Athletic Brewing Company funding · at a glance
Total raised, all rounds
$275.5M
sum of disclosed sizes
Funding rounds
3
plus 2 undated rounds
Latest round
$160M
post-money · Jan 2023
Lead on that event
not disclosed
2023
About Athletic Brewing Company

In 2022, Keurig Dr Pepper took a $50 million minority stake in Athletic Brewing, giving the beverage giant a foothold in the fast-growing non-alcoholic beer category the startup had come to dominate.

Funding timeline

The Athletic Brewing Company funding timeline

3 funding rounds, the latest highlighted.

2018
Athletic Brewing Company founded

Athletic Brewing Company was founded in 2018, United States.

UNDATED
Series C, Series E

No date is disclosed for this round.

JUN 2022
Strategic investment

Minority stake. $50M raised, led by Keurig Dr Pepper.

Valuation basisAmount$50MPrice / shareLeadKeurig Dr Pepper
NOV 2022
Series D

A primary round — the company sells new shares to investors it selects. $75.5M raised.

Valuation basisAmount$75.5MPrice / shareLead
JAN 2023LATEST
Series B at $160M post-money

A primary round — the company sells new shares to investors it selects. $50M raised.

Valuation basispost-moneyAmount$50MPrice / shareLead
IPO: NOT ANNOUNCED

No filing has been made.

Funding rounds

Athletic Brewing Company funding rounds in full

3 dated rounds, newest first.

Round
Date
Amount
Valuation
Price / share
Lead investors
Participation
Series B LATEST
Jan 2023
$50M
$160Mpost-money
—
—
—
Series D
Nov 2022
$75.5M
—
—
—
—
Strategic investment
Jun 2022
$50M
—
—
Keurig Dr Pepper
Minority stake
Series C
—
$50M
—
—
Alliance Consumer Growth
TRB Advisors
Series E
—
$50M
—
—
General Atlantic
Multiple existing investors
Athletic Brewing Company · investors

Investors

General AtlanticLEADAAlliance Consumer GrowthLEADKKeurig Dr PepperLEADHHillwood Venture CapitalNNew York AngelsRRogue Wave Investing

Frequently asked questions

Who has invested in Athletic Brewing Company?›

Lead investors for each round are in the funding timeline.

Who are Athletic Brewing Company's competitors?›

The closest non-alcoholic beverage manufacturing peers are on the competitors page.

How can I get exposure to Athletic Brewing Company?›

The routes section explains what is realistically available for a company at this stage.

Is Athletic Brewing Company publicly traded?›

No. Athletic Brewing Company is a private company; its shares do not trade on a public exchange.

What is Athletic Brewing Company's valuation?›

The last valuation is $160M.

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