AAA Bartesian tops up funding with $20m

Bartesian tops up funding with $20m

Bartesian, the US-headquartered developer of a smart cocktail maker, received $20m in series A funding yesterday from investors including Stanley Ventures, the corporate venturing arm of toolmaker Stanley Black and Decker.

Venture capital firm Cleveland Avenue led the round, which also featured undisclosed existing investors.

Founded in 2014, Bartesian has created a cocktail maker that can make some 40 different cocktails using flavour capsules which contain real juices, bitters and natural extracts.

The company received early funding from hardware accelerator Hax before alcohol producer Beam Suntory invested an undisclosed amount in 2016. Its earlier backers also include VC firm SOSV.

Ryan Close, Bartesian’s founder and CEO, said: “We set out to bring the luxury cocktail lounge experience inside the home, offering high-quality, customised cocktails with convenience and style – and now it is time to scale up to meet the growing demand and enter new markets.

“This capital infusion will fuel our momentum with the production and innovation capabilities to reach more people around the world with new cocktails and offerings.”

Image courtesy of Bartesian.

By Robert Lavine

Robert Lavine is special features editor for Global Venturing.