Orchestra Software, a Portland, Oregon-based enterprise resource planning software company for the regulated craft beverage industry, has raised $14 million in growth equity investment from Radian Capital. With this investment round, Orchestra is going to continue to advance its existing craft beer and spirts platform.
And Orchestra Software is going to develop new and innovative technologies involving new beverage categories and geographies. There are more than 350 craft breweries, distilleries, and cideries across the US, Canada, Europe, and Australia that utilize Orchestra’s core products known as OrchestratedBEER and OrchestratedSPIRITS.
“Over the past 10 years, Orchestra has become the leading technology provider to the craft brewery industry by staying laser focused on the specific needs of our core customers,” said Orchestra Software CEO, Brad Windecker. “We are now positioned to realize our long-term vision for the industry, as we enhance our existing solutions and expand beyond core ERP into new categories to drive additional value and efficiency to our customers. The team at Radian shares in our passion for this vision, values long term partnership, and brings tremendous experience and expertise to Orchestra that will be critical to our success.”
Through Orchestra’s platform, users can run all aspects of a regulated beverage business such as materials planning, production, accounting, and regulatory reporting.
“Whenever we get a chance to partner with a visionary CEO like Brad and a market-leading platform like Orchestra, we jump at the opportunity. The team at Orchestra has spent the last 10 years establishing credibility and building their platform as the critical vendor to craft brewers and craft distillers,” added Radian Capital partner Jordan Bettman. “This has positioned them well to ride the global growth of these categories and expand their relationship to customers with new products in the years to come.”
And Radian Capital partner Mike Dzik pointed out that companies that are able to grow to the size and market position of Orchestra without investment capital are rare. And he said that the result of expanding their platform will be to “broaden current products as well as integrate other third-party applications into their platform.”
Bettman and Dzik are joining Orchestra’s board in conjunction with this round. Goodwin Law served as legal counsel to Radian Capital and Davis Wright Tremaine LLP was the legal counsel to Orchestra Software for this deal.
