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CoreBev to Use New Funding for Research and Expansion of Beverage Lines

Food and Beverages | Friday, January 21, 2022

The CoreBev Group's second round of seed funding has come to an end. The money will go into CoreBev's research and development initiatives as well as the diversification of its beverage lines.

Fremont, CA: “This was more than an investment; this was a strategic alignment with a real-estate firm that has a huge influence in the community,” CoreBev Founder Stelios Stavrianos comments. The CoreBev Group, the Connecticut-based beverage firm that owns Pasha's® and Cylinder Vodka®, has completed its second seed round of fundraising. The round was led by HAVN Ventures, a real-estate investment fund based in New Haven, CT, and was joined by a number of other private investors from the food and beverage, insurance, and private banking industries. The funds will be utilized to support CoreBev's research and development efforts as well as the expansion of several of their beverage lines.

“In the few short weeks since the closing of this round they have already provided incredible growth to our beverage brands,” adds Stavrianos.

"HAVN Ventures was founded with the ideology of 'Community First.' It's a no-brainer, then, that we wanted to be a part of The CoreBev Group and that we immediately jumped on the opportunity to partner with them," states Mendel Paris, founder, and CEO of HAVN. "Their commitment to their customers, the environment, and of course, their product, is what makes them a great non-real estate investment."

Stelios Stavrianos, a former bartender and money manager, established CoreBev in 2015. CoreBev has seen a stratospheric ascent over the previous 18 months, starting with a humble start in Connecticut with Cylinder Vodka®, the winner of the 2021 Bartender Spirits Awards' Vodka of the Year, and the recent cocktail seltzer Pasha's®. With no shortage of ideas, CoreBev went to HAVN Ventures for a seed round of finance to help them continue to develop. Knowing how difficult it can be to find an investor that shares your company's vision, CoreBev was happy to discover that HAVN Ventures is just as enthusiastic about what they're doing as they are.

"Being able to work with local small businesses to see the founders and team members through their seed funding to realize their goals is precisely what we set out to do here at HAVN Ventures," comments COO Jonathan Perlich. "We're thrilled to be a part of what makes The CoreBev Group great."

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