Madre Mezcal Secures $3 Million Series A Round to Grow Top Mezcal Brand
Madre Mezcal, one of the fastest growing mezcal brands in America, recently raised $3,000,000 to apply to the brand’s growth strategy to new products and new markets. The Series A round was led by Room 9, a NYC-based venture capital studio that specializes in investing in the consumer sector.
Amid an increasingly competitive mezcal category, Madre has found success through a grassroots strategy aimed at introducing new consumers to the mezcal category. With the additional funding, Madre is being poised to expand its word-of-mouth campaign, largely driven by in-person activations and online engagement. The priorities of the funded Madre brand will be to expand its product range to target new consumption occasions, while also expanding its distribution and marketing efforts in new countries, US states, and online.
“Beyond a great-tasting, easy-to-drink mezcal, Madre’s success has been a result of working closely with the communities that have driven word-of-mouth for the brand,” says Chris Stephenson, CEO of Madre. “For us to expand while continuing this successful path, we needed a partner that recognizes the cultural authenticity that fuels our approach. With Room 9, we’ve found a partner that understands the growth opportunities through product, geography and digital expansion, and encourages the brand development through cultural engagement.”
Room 9 is an early-stage venture capital studio whose selective portfolio spans across the consumer, food, beverage and technology sectors and includes Jot Coffee, Los Sundays Tequila and Cleancult. Room 9 Founder, Anish Bhatia previously led fundraising efforts for Los Sundays, an award-winning tequila brand based out of Orange County, CA, and currently sits on their Advisory Board.
About Madre
Distilled with both the newcomer and the seasoned consumer in mind, Madre is a ‘gateway mezcal that offers beautifully well-balanced flavor with smooth finish. With less smoke than most mezcals, Madre opens palates to a new market of consumers thanks to its signature blend of espadin and cuishe. Madre is a certified artisanal product from Mexico, hand made by mezcaleros in open air palanques located in the rural hills of Oaxaca. Using local water and natural airborne yeast, Madre’s flavor is directly tied to the earth it comes from. https://www.madremezcal.com/
About Room 9
Room Nine is not your typical early-stage VC. Our Creative Agency + Venture Studio model is for the misfits who create, deviants who innovate and dreamers who dare tell their stories. Our generation craves authenticity more than ever and at Room Nine we celebrate their fearless pursuit of design and culture. Room Nine’s portfolio spans across consumer, food, beverage and technology sectors. Our mission is to discover, partner with and fund authentic brands and founders.
