Lyre's Non-Alcoholic Spirits skyrockets to $500M valuation
Media Type |
audio
Categories Via RSS |
Arts
Food
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Society & Culture
Publication Date |
Dec 01, 2021
Episode Duration |
00:20:36
A podcast for lovers of wine, beer, liquor (incl. whisky, whiskey, bourbon, gin, vodka, tequila etc) and cocktails, Drinks Adventures hosts wine makers, brewing and distilling experts, sommeliers, bartenders & more.
Just one story again in this week’s edition of the news.
There's been a huge amount of noise around non-alcoholic wine, beer and spirits in recent years.
And now, Lyre’s Non-Alcoholic Spirits has completed a capital raising that values the business at $500 million AUD.
This valuation has been achieved in less than two and a half years of trading for the Australian company founded in Sydney in 2019.
It’s now on track to become the fastest independent beverage brand to reach Unicorn status, meaning a valuation in excess of $1 billion US.
You may also like:
There’s been no shortage of naysayers about the concept of non-alcoholic spirits and I’ll admit to being a little sceptical when Lyre’s founder Mark Livings first told me what he had planned.
He says this latest funding milestone is clear evidence that non-alcoholic spirits are here to stay.
More must-listen episodes:
Tags: gin, distilling, distillery, distiller, liquor, craft spirits, cocktail, cocktails, drink, drinks, wine, winemaking, winemaker, viticulture, beer, craft beer, brewing, agave, tequila, mezcal, bartender, bartenders, sommelier, sommeliers, cicerone, whisky, whiskey, cognac, bourbon, rum, vodka, vineyard, mixology, bars, pubs, restaurants
Founded in Sydney, Australis in 2019, Lyre's Non-Alcoholic Spirits is now on track to become the fastest independent beverage brand to reach Unicorn status, meaning a valuation in excess of $1 billion US.
A podcast for lovers of wine, beer, liquor (incl. whisky, whiskey, bourbon, gin, vodka, tequila etc) and cocktails, Drinks Adventures hosts wine makers, brewing and distilling experts, sommeliers, bartenders & more.
Just one story again in this week’s edition of the news.
There's been a huge amount of noise around non-alcoholic wine, beer and spirits in recent years.
And now, Lyre’s Non-Alcoholic Spirits has completed a capital raising that values the business at $500 million AUD.
This valuation has been achieved in less than two and a half years of trading for the Australian company founded in Sydney in 2019.
It’s now on track to become the fastest independent beverage brand to reach Unicorn status, meaning a valuation in excess of $1 billion US.
You may also like:
There’s been no shortage of naysayers about the concept of non-alcoholic spirits and I’ll admit to being a little sceptical when Lyre’s founder Mark Livings first told me what he had planned.
He says this latest funding milestone is clear evidence that non-alcoholic spirits are here to stay.
More must-listen episodes:
Tags: gin, distilling, distillery, distiller, liquor, craft spirits, cocktail, cocktails, drink, drinks, wine, winemaking, winemaker, viticulture, beer, craft beer, brewing, agave, tequila, mezcal, bartender, bartenders, sommelier, sommeliers, cicerone, whisky, whiskey, cognac, bourbon, rum, vodka, vineyard, mixology, bars, pubs, restaurants

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