Athletic Brewing Holding Co LLC announced that it has received $75.45 million in funding from TRB Advisors LP, Alliance Consumer Growth, LLC, Keurig Dr Pepper Inc. and other investors
November 08, 2022
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On November 9, 2022, Athletic Brewing Holding Co LLC announced that it has received $75.45 million in its Series D equity round of funding. The transaction included participation from new investor, Keurig Dr Pepper Inc. for $50 million and holds equity stake, more than 25 existing investors, including TRB Advisors LP, Alliance Consumer Growth, LLC and several celebrities, such as J.J. Watt, David Chang, Naomi Osaka, and Karlie Kloss. As part of the transaction, a representative from Keurig Dr Pepper Inc. has joined the company's board of directors.
The transaction included participation from 26 investors.
Keurig Dr Pepper Inc. is is a leading producer of non-alcoholic beverages in North America. The group markets hot drinks, soft drinks, flavoured water, fruit juices, concentrated and syrups. Net sales break down by family of products as follows:
- refreshment beverages (59.6%): Dr Pepper, Canada Dry, A&W, 7UP, Sunkist, Squirt, Big Red, RC Cola, Vernors, Snapple, Mott's, Bai, Hawaiian Punch, Clamato, Yoo-Hoo, Core, ReaLemon, evian, Vita Coco, Mr and Mrs T mixers and other brands ;
- coffee (27.5%): Green Mountain Coffee Roasters, The Original Donut Shop, McCafé, Laughing Man, REVV and Van Houtte brands. In addition, the group offers coffee machines and accessories;
- beverage concentrates (13%): Peñafiel, Clamato, Squirt, Canada Dry, Dr Pepper, Mott's and Crush brands.
At the end of 2023, the group had 30 manufacturing sites located mainly in the United States (24).
The United States account for 87.5% of net sales.
Athletic Brewing Holding Co LLC announced that it has received $75.45 million in funding from TRB Advisors LP, Alliance Consumer Growth, LLC, Keurig Dr Pepper Inc. and other investors
KEURIG DR PEPPER INC. 
