Bartesian, creator of an at-home cocktail maker, has raised $20 million in a Series A funding round to accelerate its growth in the US and internationally.
Headquartered in Chicago, US, Bartesian has developed a machine that can produce more than 40 different cocktails, at customisable strengths.
The cocktail maker uses recyclable flavour capsules containing juices and natural extracts, as well as bitters, and aims to ‘take the guesswork out of measuring ingredients’, while also removing the need to keep complex ingredients on-hand.
Bartesian claims to be at the forefront of changing consumer behaviour in the spirits market by tapping into the trend for convenience and demand for authentic at-home cocktail experiences.
The company’s Series A round was led by venture capital firm Cleveland Avenue, with participation from Stanley Ventures and existing investors.
Bartesian says that the funds will support its expansion to new international markets, while also enabling the company to accelerate its growth in the US, scale production and expand its team.
“We set out to bring the luxury cocktail lounge experience inside the home, offering high-quality, customised cocktails with convenience and style – and now it is time to scale up to meet the growing demand and enter new markets,” said Ryan Close, CEO and founder of Bartesian.
“This capital infusion will fuel our momentum with the production and innovation capabilities to reach more people around the world with new cocktails and offerings.”
Keith Kravcik, chief financial and chief investment officer of Cleveland Avenue, added: “Bartesian’s innovative approach to high-quality cocktails is clearly resonating with consumers, tapping into the growing interest in premium beverages, and we believe the company is poised to continue its market-leading position for years to come.”
Bartesian has also announced that actress Mila Kunis has joined its board of advisors.
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