Modern Cocktail Mixer Craftmix Closes $1.2M Seed Fundraising and Announces Growing US Retail Presence with Product in 1300+ Stores – Yahoo Finance

Los Angeles, California–(Newsfile Corp. – December 8, 2022) – Craftmix, a company that’s modernizing craft cocktail mixers with all-natural low-calorie flavors that consumers can mix in seconds, has closed its seed fundraising round and announced a significant retail presence in the United States. The round consisted of angel investors, who all believe deeply in the core problem that Craftmix set out to solve 2 years ago – artificial ingredients, high sugar, and inconvenient sizing making it impossible to take on the go.

Craftmix
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8902/147313_2f98e5e694ac4ba8_001full.jpg.
Retailers have also picked up on this consumer trend and many have joined Craftmix on its mission to make low-sugar, flavourful cocktail mix accessible. This has helped the brand’s significant retail growth in the first 2 years of existence. Craftmix are now listed on popular online grocery stores like SnackMagic. The company’s brick-and-mortar presence across the United States is now at 1300+ stores with flagship partnerships and hundreds of independent retailers who say customers love the product.
Jake Tannenbaum, the Founder of Craftmix, explains what an accomplishment this is for a company with humble beginnings, “We set out to raise $1M and ended up having to turn down a few investments. It’s such an incredible feeling when such successful, like-minded individuals are overjoyed to invest in a company I’ve built from the ground up. I started as a bartender and realized that even I didn’t have the fresh ingredients in my own home to make my friends cocktails when they’d come over. I similarly noticed this problem in various spaces like airplanes, music festivals, and tailgates, where people are drinking, but there’s no bartender or ingredients to make a cocktail. Here we are, two years since launch, helping people to enjoy cocktails and mocktails, anywhere, anytime. We’ve served over 2 million cocktails to date, which I’d like to think makes us one of the biggest bars in the US.”
Impressively, Craftmix has made it to this point while barely spending anything on marketing. Now, the company looks to ramp up digital marketing and awareness tactics to effectively grow the eCommerce and retail channels. The company has also partnered with KeHe, a leading food distributor, to continue developing a nationwide retail footprint.
Consumers can enjoy 12 craft cocktails and have the option to start with a variety pack to test flavors or buy any of the individual flavors that include Mango Margarita, Mint Mojito, Blood Orange Mai-Tai, Strawberry Mule, and Passionfruit Paloma.
Craft cocktails also are great for corporate gifting, which is why Craftmix has become partners with SwagUp.
About Craftmix: Making cocktails from scratch can be a real struggle, but with Craftmix, you can enjoy happy hour, any hour. The individual packets turn the complicated process of making cocktails into 3 simple steps, so anyone can become a pro bartender at home. Each delicious flavor that Craftmix offers is gluten-free, non-GMO, vegan, fat-free, kosher, and made in the USA. The all-natural servings only contain 25 calories and 5 grams, so drinkers can enjoy more cocktails without the guilt. This is the modern-day craft cocktail mix. To learn more about the brand, visit craftmix.com or follow on Instagram (@craftmix).
Media Contact:
Company: Craftmix Inc.
Contact Name: Scott Berty
Email: scott@craftmix.com
Website: https://www.craftmix.com/
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/147313
What’s the next move for a small restaurant in a Little Haiti strip mall after earning a Michelin star?
SNAP gives eligible low-income households extra food-purchasing assistance to supplement food budgets. Funded by the U.S. Department of Agriculture and administered at the state level, SNAP benefits…
It seems too good to be true, but the fast-food giant believes its offer will drive customers to its locations (and away from Burger King and McDonald's).
It all comes down to how you order your eggs.
A second Del Taco will open in Bradenton, as well as a slew of others across the state.
Wirecard's former chief executive, who steered the payments company through its rise and spectacular collapse two years ago, went on trial for fraud on Thursday after a scandal that shook German politics and tarnished the country's business reputation. The 53-year-old former CEO Markus Braun, who has been in custody since his arrest in 2020, and two other managers of the former blue chip company face charges including fraud and market manipulation that could result in a jail term of up to 15 years for each of them if convicted. In his first public appearance in more than two years, Braun entered the courtroom to hear the charges carrying a laptop, wearing rimless glasses and a dark turtleneck jumper and jacket, and speaking briefly to confirm his identity.
(Bloomberg) — Brazil’s central bank pledged to keep interest rates stable until cost of living expectations move toward target, adding hawkishness to the message by raising its own inflation estimates on concerns about growing public spending by the new administration.Most Read from BloombergPutin Calls Russian Nukes Deterrent Factor, Says War Risk RisingPeru’s President Accused of Coup After Move to Dissolve CongressWNBA Star Griner Freed in One-for-One Swap for Arms DealerElon Musk’s Bankers
Bitcoin dropped again today—taking other cryptocurrencies with it—as traders continue to sell risk assets.
Rikesh Thapa is accused of bilking his start-up firm of over $1 million in U.S. currency, cryptocurrency and utility tokens.
Apple supplier Foxconn's founder-director Terry Gou had warned China that the government's zero-COVID stance would threaten the position of the world's second-largest economy in the global supply chain, the Wall Street Journal reported. The appeal, sent by Gou in a letter more than a month ago, played a major role in convincing China's leadership to quickly reopen the economy and move away from its zero-tolerance COVID-19 policies, the report said on Thursday, citing people familiar with the matter. Foxconn, which is the biggest assembler of iPhones, declined to comment, while Gou's office did not immediately respond.
Comcast (CMCSA) closed the most recent trading day at $34.97, moving +1.01% from the previous trading session.
U.S. producer prices increased a bit more than expected in November, but the underlying trend in inflation is moderating, which could allow the Federal Reserve to slow its pace of interest rate hikes next week. Data for October was revised higher to show the PPI gaining 0.3% instead of 0.2% as previously reported. In the 12 months through November, the PPI increased 7.4% after advancing 8.1% in October.
The malfunction, which lasted more than 2½ hours, affected software that places digital ads on websites.
A new corporate tax on stock buybacks hasn’t worried finance chiefs enough for them to rethink their strategy. In the third quarter, S&P 500 companies spent $210 billion on stock buybacks, down around 10% from a year earlier, according to preliminary data from S&P Dow Jones Indices, a unit of ratings firm S&P Global The companies spent roughly $220 billion in the second quarter, up 10.5%, and $281 billion in the first, up nearly 58% from the prior year. Companies in the S&P 500 would have paid a combined $1.93 billion in taxes and lost about 0.45% in operating income had the levy been in effect for the third quarter, according to Howard Silverblatt, a senior index analyst at S&P Dow Jones Indices.
Thailand's financial system is resilient but stability could be affected by an abrupt change in the global financial market, which warrants close monitoring, the central bank said on Friday. Potential impacts include deterioration in debt serviceability of households and smaller businesses if the global economy heads into recession and subsequently deters Thailand's economic recovery, it said in a statement. The Bank of Thailand's (BOT) statement detailed the outcome of Tuesday's meeting between the monetary policy and financial institutions policy committees.
Bath & Body Works stock is heading higher early Friday, on news an activist shareholder is pushing for changes. After the close of regular trading Thursday, Third Point, helmed by Daniel Loeb, said it now owns just over a 6% stake in Bath & Body Works (ticker: BBWI). Third Point is already pushing for changes, according to the filing with the Securities and Exchange Commission.
Chinese producer and consumer price inflation reports for November grab the limelight in Asia on Friday, with investors hoping to round off a bruising week on a positive note. That's bruising for regional and global stocks, not for China's, which are on course to post a second straight weekly gain of at least 2%. Meanwhile, analysts expect the annual rate of consumer price inflation to slow to 1.6% from 2.1% in October, which would be the slowest rate of increase since March.
French carmaker Renault ADR's (OTC: RNLSY) deputy Chief Executive Officer and head of its new mobility unit Mobilize, Clotilde Delbos, has resigned. Delbos will leave the company in December end, Reuters reported. Delbos, who also worked as Renault's chief financial officer between 2016 and early 2022, had herself been tipped to take the CEO job before the board decided to call on outsider de Meo, the report specified. Also Read: Airbus, Renault Join Forces To Advance Research On Battery Systems
Raymond James is the latest Wall Street firm to cut its rating on the stock, following Morgan Stanley’s move earlier this week.
A U.S. judge this week is considering for the first time the question of who owns bitcoin and other tokens in frozen accounts at a bankrupt digital asset exchange in a case that could shape customer protections in the cryptocurrency industry. U.S. Bankruptcy Judge Martin Glenn in New York City will sort through who owns cryptocurrencies held in accounts at the Celsius Network LLC exchange, which suspended withdrawals and then fell into Chapter 11 during this year's crypto crash. Glenn's eventual rulings will help shape the treatment of crypto in accounts that have been frozen at other failed firms such as FTX, Voyager Digital Ltd and BlockFi, which do not have enough funds to repay everyone in full.

source

Leave a Reply

Your email address will not be published. Required fields are marked *