Partake Brewing secures $16.5m in Series B round

Partake Brewing has raised $16.5 million in Series B capital, as it looks to meet rising consumer demand for its non-alcoholic beers. 

The funding round was led by US investors PowerPlant Partners and Amberstone, alongside existing participants CircleUp Growth Partners, Barrel Ventures and McLean & Associates. 

The company offers a range of non-alcoholic beers, including: Pale, IPA, Blonde, Red Ale and Peach Gose. 

The investment will allow Partake Brewing to expand into new geographies such as the US and Canada, invest in new product development, and meet growing consumer demand for non-alcoholic beverage options. 

Ted Fleming, founder and CEO of Partake Brewing, commented: “It has been an incredible journey growing Partake at such an accelerated rate and we are honoured to have these investors’ significant support behind us as we further expand on our mission to create a more inclusive drinking culture. We look forward to the continued growth these investments will allow us to make in the near future.”

In 2020, the company raised $4m in a Series A funding round.