About XED Beverages
XED Beverages is a company based in New York (United States) founded in 2019 was acquired by Next Century Spirits in November 2022.. XED Beverages has raised $5.56 million across 3 funding rounds from investors including Next Century Spirits, Surround Ventures and Andrew Merinoff.
- Headquarter New York, United States
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Sectors
Consumer
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$5.56 M (USD)
in 3 rounds
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Latest Funding Round
$75 K (USD), Seed
Nov 29, 2021
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Investors
Next Century Spirits
& 7 more
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Employee Count
Employee Count
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Acquired by
Next Century Spirits
(Nov 03, 2022)
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Funding Insights of XED Beverages
XED Beverages has successfully raised a total of $5.56M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $75 thousand completed in November 2021. 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 Seed — $75,000
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First Round
First Round
(24 Nov 2019)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2021 | Amount | Seed - XED Beverages | Valuation |
investors |
|
| Apr, 2021 | Amount | Seed - XED Beverages | Valuation | Surround Ventures | |
| Nov, 2019 | Amount | Seed - XED Beverages | Valuation |
investors |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| 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 XED Beverages
XED Beverages has secured backing from 8 investors, including venture fund and angel investors. Prominent investors backing the company include Next Century Spirits, Surround Ventures and Andrew Merinoff. 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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Tech startups are funded through venture capital by Surround Ventures.
|
Founded Year | Domain | Location | |
|
AM
Andrew Merinoff |
Co-founder of China Grill, active angel investor in hospitality and tech.
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Founded Year | Domain | Location |
|
OK
Omri Krigel |
Angel investor and startup mentor, focused on early-stage Indian ventures.
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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.
|
Founded Year | Domain | Location |
Investments & Acquisitions by XED Beverages
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - XED Beverages
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Xed Beverages Comparisons
Competitors of XED Beverages
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| 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.
|
Frequently Asked Questions about XED Beverages
When was XED Beverages founded?
XED Beverages was founded in 2019.
Where is XED Beverages located?
XED Beverages is headquartered in New York, United States. It is registered at New York, New York, United States.
Is XED Beverages a funded company?
XED Beverages is a funded company, having raised a total of $5.56M across 3 funding rounds to date. The company's 1st funding round was a Seed of $987.5K, raised on Nov 24, 2019.
What does XED Beverages do?
XED Beverages was established in 2019 and is headquartered in New York, United States. Operations are centered on the beverage sector, where cocktails are distributed to retailers and businesses. Services encompass supply chain logistics and product sourcing for cocktail varieties. Geographic focus remains on the US market, with activities supported through the domain xedbeverages.com.
Who are XED Beverages's investors?
XED Beverages has 8 investors. Key investors include Next Century Spirits, Surround Ventures, Andrew Merinoff, Omri Krigel, and Bob Hurst.