Athletic Brewing raises $50 million as nonalcoholic wave sweeps beer making

Athletic Brewing Company recently raised $50 million in equity financing in a round led by General Atlantic2. This investment aims to fuel long-term growth and meet the rising consumer demand for non-alcoholic beer2.

Athletic Brewing will use the new $50 million equity financing to increase production capacity, expand its offerings at global retailers, and meet the rising consumer demand for nonalcoholic beer6. The investment will also be utilized for the recently announced purchase of a third U.S. brewing facility, which is expected to help double Athletic's U.S. brewing capacity once operational.