About Carolina Beverage Group
Carolina Beverage Group is a company based in Greenville (United States) founded in 1997 was acquired by Cold Spring Brewing in May 2018. It operates as a Managed Services, and B2B2C. Carolina Beverage Group has raised $14 million across 3 funding rounds from investors including Turmeric Capital, Cold Spring Brewing and Plexus Capital. The company has 374 employees as of December 31, 2022. Carolina Beverage Group offers products and services including Packaging Solutions, Specialty Processing & Filling, Quality Assurance & Food Safety, and Warehousing.
- Headquarter Greenville, United States
- Employees 374 as on 31 Dec, 2022
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Sectors
Industrial Goods & Manufacturing
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Carolina Beverage Group, Llc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$14 M (USD)
in 3 rounds
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Latest Funding Round
$130 M (USD), Debt – Conventional
Jul 01, 2013
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Investors
Turmeric Capital
& 3 more
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Employee Count
374
as on Dec 31, 2022
- Acquired by
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Products & Services of Carolina Beverage Group
Carolina Beverage Group offers a comprehensive portfolio of products and services, including Packaging Solutions, Specialty Processing & Filling, Quality Assurance & Food Safety, and Warehousing. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
High-speed lines are used for flexible beverage packaging needs.
Diverse filling options are provided for beverage market needs.
Comprehensive testing is conducted to ensure beverage safety standards.
Storage solutions are offered for ingredients and finished goods.
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Funding Insights of Carolina Beverage Group
Carolina Beverage Group has successfully raised a total of $14M across 3 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $130 million completed in July 2013. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Debt – Conventional — $130.0M
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2013 | Amount | Debt – Conventional - Carolina Beverage Group | Valuation |
investors |
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| Aug, 2010 | Amount | Unspecified - Carolina Beverage Group | Valuation |
investors |
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| Jun, 2010 | Amount | Unspecified - Carolina Beverage Group | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Carolina Beverage Group
Carolina Beverage Group has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Turmeric Capital, Cold Spring Brewing and Plexus Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Lower mid-market investments are targeted by the private equity firm.
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Founded Year | Domain | Location | |
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Middle-market companies are targeted by the investment management firm.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Carolina Beverage Group
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Carolina Beverage Group
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Carolina Beverage Group Comparisons
Competitors of Carolina Beverage Group
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Carolina Beverage Group
Frequently Asked Questions about Carolina Beverage Group
When was Carolina Beverage Group founded?
Carolina Beverage Group was founded in 1997 and raised its 1st funding round 13 years after it was founded.
Where is Carolina Beverage Group located?
Carolina Beverage Group is headquartered in Greenville, United States.
Is Carolina Beverage Group a funded company?
Carolina Beverage Group is a funded company, having raised a total of $14M across 3 funding rounds to date.
How many employees does Carolina Beverage Group have?
As of Dec 31, 2022, the latest employee count at Carolina Beverage Group is 374.
What does Carolina Beverage Group do?
Carolina Beverage Group is established as a world-class producer and specialty beverage co-packer for national and international beverage brands. Operations are conducted across three state-of-the-art facilities in the United States, located in North Carolina, Texas, and Minnesota. A broad range of packaging solutions is provided, supported by high-speed production lines engineered for flexibility. Specialty processing and filling options are offered to meet diverse market needs, while quality assurance and food safety standards are maintained through comprehensive testing under FSSC 22000 certification. Warehousing services for ingredients and finished goods are also provided near each facility. The company is positioned to serve top beverage brands with innovative manufacturing approaches across the Southeast, Southwest, and Midwest regions.
What products or services does Carolina Beverage Group offer?
Carolina Beverage Group offers Packaging Solutions, Specialty Processing & Filling, Quality Assurance & Food Safety, and Warehousing.
Who are Carolina Beverage Group's investors?
Carolina Beverage Group has 4 investors. Key investors include Turmeric Capital, Cold Spring Brewing, Plexus Capital, and SunTx Capital Partners.