SAN DIEGO, Oct. 13, 2020 /PRNewswire/ — Speakeasy Co., the leading integrated DTC solution for beverage alcohol brands, today announced they have received a seed investment from Goat Rodeo Capital, a venture capital firm focused on early state investments in the Beverage Alcohol and Cannabis sectors, to help fuel the company’s continual growth within the wider Drinks Industry.
Speakeasy Co., a three-tier compliant e-commerce platform that enables beverage alcohol brands to now sell direct-to-consumer, currently has more than 140 craft brands on the platform, some of which include 10th Mountain, 21 Seeds, Azuñia Tequila, The Bardstown Bourbon Company, Corsair Distillery, Ilegal Mezcal and Westward Whiskey.
“We feel incredibly lucky to have partners such as Carlton and James at Goat Rodeo Capital investing in our business. We were seeking strategic investment from a partner who understands the space and can help support us beyond capital through ongoing counsel
Grand Rapids Opportunities for Women received a $400,000 grant to fund its small business development lending in economically disadvantaged communities.
The nonprofit said last week that it received the sum as a Community Development Financial Institution (CDFI) financial award. The nonprofit in 2016 earned its CDFI designation from the U.S. Department of Treasury’s CDFI Fund. This is Grand Rapids Opportunities for Women’s (GROW) second CDFI financial award since then.
Bonnie Nawara, CEO of GROW, said the funds will help the organization broaden its lending base to vulnerable areas. Currently, it provides microloan lending and technical assistance to small businesses in Kent, Ottawa, Muskegon, Newaygo, Allegan, Barry, Ionia, Montcalm and Kalamazoo counties.
“This money helps us to stabilize our lending portfolio and drive our focus to deploy funds into communities of color,” Nawara said.
CDFIs are certified by the U.S. Department of Treasury to inject new sources