# The Ethical Spirits & Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/the-ethical-spirits

- Industry: Consumer Products
- Headquarters: Tokyo, Japan
- Website: https://ethicalspirits.jp/
- Total disclosed funding: $2.8M
- Latest round: Series B (Aug 23, 2022)
- Investors on record: 4

## About

Based in Tokyo, Japan and founded in 2020, The Ethical Spirits and Company makes and sells craft gins under the brands Last and Revive. The firm also have an online store where customers can buy their products. In September 2024, The Ethical Spirits & Co. raised venture funding from Suntory Holdings Limited and Siiibo Securities Co., Ltd. This round was part of a larger JPY 380 million equity and debt financing.

The Ethical Spirits is a Japanese company focused on creating gin and spirits using underappreciated ingredients, like sake kasu and cacao husks. The company operates two distilleries, including the Tokyo Riverside Distillery, which serves as a hub for consumers to experience their products.

The company plans to use the September 2024 funds to further valorise underutilised materials.

## Funding rounds

- Series B, Aug 23, 2022, $1.5M — Suntory Holdings, SMBC Venture Capital, Vector, Beyond Next Ventures
- Series A, Jun 16, 2021, $1.3M — Beyond Next Ventures

## Investors

- Beyond Next Ventures (https://capitalatlas.ai/funds/beyond-next-ventures) — Series A, Series B
- Suntory Holdings — Series B
- SMBC Venture Capital (https://capitalatlas.ai/funds/smbc-venture-capital) — Series B
- Vector (https://capitalatlas.ai/funds/vector) — Series B