RALEIGH – Next Century Spirits, which teamed with Lonerider Brewing to produce hand sanitizer to help deal with the COVID-19 pandemic, is gearing up for a new round of growth in its alcohol spirits production with $6 million in financing.
In other words, the company is planning to add jobs and more production infrastructure.
“Our team is elated to secure a funding milestone during this global pandemic; our continued growth and future growth prospects have not gone unnoticed by investors,” said Scott Bolin, CEO of Next Century Spirits, in the announcement. “We proactively supported communities and local distilleries and breweries by shifting the use of our equipment to produce medical-grade hand sanitizer at a multi-state level including small businesses, medical facilities and military organizations.”
That’s not the only good news for the firm.
The American Distilling Institute recently named a rum produced by Next Century Spirits as its 2020 “Best-in-Class.”
The Raleigh-based startup that works with customers to deliver customized spirits through its patented finishing and filtering technology, announced the close of its Series C round early Thursday.
Backers include Chapel Hill-based Blue Hill Group, which led the round, along with Wolfpack Investor Network and Carolina Angel Network.
The firm launched in 2018.
Raleigh startup Next Century Spirits lands $3.6M; Seagram’s heir becomes chair
