Investment Summary

First Bev Invests In Gem & Bolt

On May 24, 2017, growth capital firm First Bev invested in beverage company Gem & Bolt

Investment Highlights
  • This is First Bev’s 7th transaction in the Beverages sector.
  • This is First Bev’s 8th transaction in the United States.
  • This is First Bev’s 1st transaction in New Jersey.

Investment Summary
Date 2017-05-24
Target Gem & Bolt
Sector Beverages
Investor(s) First Bev
Deal Type Growth Capital

Target

Gem & Bolt

West Orange, New Jersey, United States
Gem & Bolt is a producer of Mezcal Artesanal Spirits. Gem & Bolt was founded in 2016 and is based in West Orange, New Jersey.

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Investor(S) 1

Investor

First Bev

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Size Small
Type Sector Focused
DESCRIPTION

First Bev is a private investment firm focused on the beverage industry. First Bev looks to invest in emerging beverage companies throughout the US. The Firm pursues companies that can benefit from value-added services including support with distribution, supply chain, strategic planning, marketing, operations, finance, board development and human resources. Target companies typically have $1 to $15 million in revenue. First Bev was formed in 2005 and is based in Los Angeles, California.

DEAL STATS #
Overall 9 of 13
Sector (Beverages) 7 of 11
Type (Growth Capital) 4 of 8
State (New Jersey) 1 of 1
Country (United States) 8 of 12
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-09 Q Mixers

Brooklyn, New York, United States

Q Mixers is a producer of premium carbonated mixers. Q Drinks offers tonic water, ginger ales, club sodas, kolas and sparkling orange, sparkling grapefruit, and sparkling lemon drinks. Q Mixers was founded in 2006 and is based in Brooklyn, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-21 Purity Organic

Oakland, California, United States

Purity Organic LLC provides organic food by working with farmers to grow and source deliciously pure, certified organic fruits and vegetables. Purity Organic was founded in 2003 and is based in Oakland, California.

Sell -
Mergr

Product

Company

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