Alethia Venture Partners has announced the launch of their $50 million debut fund called Alethia Opportunity Fund I. The venture fund is now actively deploying capital into the next wave of growth brands across the broader beverage category.
Alethia Venture Partners works with exceptional founders to build differentiated brands and products with a clear path to scale and exit. And the growth capital will be used to support sales, marketing, distribution, and logistics needed to scale.
Alethia is planning to make approximately 15-20 beverage investments ranging from $250,000 to $5 million, and the fund is going to seek to lead and co-lead series seed, A, and B financing rounds.
This fund comprises experienced operators, bankers, current and former C-level executives, and investors, including Brian Stolz, Logan Zinser, Bob Frady, and Taylor Foxman. And the team has achieved multiple exits over three decades and has operated and advised Fortune 50-1000 companies. Initial investments will be announced later this year.
KEY QUOTE:
“We couldn’t be more excited at the possibilities ahead – now is the time to take a leading position across some of the most exciting opportunities within beverage. We’ve put together the best team to help propel these brands to the next level in 2023 and beyond.”
— Mike Warren, Founder and Managing Partner of Alethia Venture Partners
