Next Century Spirits has raised $6 million in a Series C funding round, led by private equity firm the Blue Hill Group.
The North Carolina-based company formulates, blends, and finishes custom-made spirits for distillers and brand owners. Next Century Spirits has a patented post-distillation finishing and filtering technology, which it says allows customers to expand their repertoire of taste profiles, improve consistency, and raise overall quality.
The full-service spirits producer says that the capital raised in its Series C round will help fund an expansion of the company’s workforce and production infrastructure.
“Our team is elated to secure a funding milestone during this global pandemic; our continued growth and future growth prospects have not gone unnoticed by investors,” said Scott Bolin, CEO of Next Century Spirits.
“We proactively supported communities and local distilleries and breweries by shifting the use of our equipment to produce medical-grade hand sanitiser at a multi-state level, including small businesses, medical facilities and military organisations.”
Steve Lerner, board member at the Blue Hill Group, added: “I am continually impressed with Next Century’s ability to provide high-quality spirits through its proprietary technology which is uniquely positioned for continued growth in the industry.
“The company has established a foothold in the market as start-ups and established brands alike look to innovation for a more diverse product portfolio to scale their business.”
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