# Next Century Spirits

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/next-century-spirits

- Industry: Consumer Products
- Headquarters: Raleigh, US
- Website: www.nextcenturyspirits.com
- Total disclosed funding: $6M
- Latest round: Series C (Jul 16, 2020)
- Investors on record: 3

## About

Next Century Spirits LLC is an innovative company specializing in the development and production of premium alcoholic beverages using natural ingredients and patented technology for unique flavors.Founded in 2018, Next Century Spirits LLC operates in Raleigh, US, focusing on crafting high-quality spirits. The founders, Joel Pawlak and Scott Bolin, have directed the company through 5 notable deals, with the latest funding round being Series C, raising USD 6.00 mn led by Blue Hill Group. The total amount raised by the company now stands at USD 6.00 mn.Next Century Spirits specializes in the development and production of innovative alcoholic beverages, emphasizing a diverse portfolio that includes premium whiskeys, vodkas, rums, and ready-to-drink cocktails. The company's core offerings are distinguished by their use of patented Spiranova™ technology, allowing for the crafting of unique flavors using only natural ingredients, which enhances sustainability and accelerates production timelines. Targeting a broad spectrum of consumers, the company aims to meet the desires of today’s drinkers for authenticity and bold flavors, catering to both individual consumers and the growing demand within the hospitality and retail sectors. Their products are marketed across various geographical regions, including key markets in the United States, where they address the evolving preferences of consumers seeking high-quality, craft spirits.The revenue structure of Next Century Spirits is based on a combination of direct-to-consumer sales, retail partnerships, and B2B services, including private label solutions and co-packing for other brands. The company's flagship products, such as Creek Water Whiskey and Calamity Gin, are designed to appeal to a wide array of consumers and are often sold through both traditional retail channels and modern e-commerce platforms. The company engages in various transaction formats, including wholesale agreements with retailers and distributors, which facilitate broad market access for their brands. Furthermore, their private label services enable personalized branding solutions for clients, enhancing revenue opportunities within the spirits industry. Specific pricing plans for individual products are determined based on market factors and consumer demand, reflecting the premium positioning of their offerings.Next Century Spirits plans to leverage recent funding to introduce new products designed to enhance their portfolio. The company is also focused on expanding into new markets, particularly within the U.S. hospitality sector, by the end of 2024. The raised funds will support these initiatives and enhance their production capabilities. Furthermore, Next Century Spirits has recently secured venture funding from Ruttenberg Gordon Investments to further bolster their growth strategy.

## Funding rounds

- Series C, Jul 16, 2020, $6M — Wolfpack Investor Network, Carolina Angel Network, Blue Hill Group

## Investors

- Wolfpack Investor Network (https://capitalatlas.ai/funds/wolfpack-investor-network) — Series C
- Carolina Angel Network (https://capitalatlas.ai/funds/carolina-angel-network) — Series C
- Blue Hill Group (https://capitalatlas.ai/funds/blue-hill-group) — Series C