What is New River Distilling?
New River Distilling Company, based in Boone, North Carolina, operates as a privately held entity specializing in contract distillation and toll processing for the craft beverage industry. Its core competencies include proprietary distilling and extraction processes that enable clients, from craft beverage producers to agricultural commodity growers, to enhance the value of their raw materials.
A key area of focus is hop oil distillation, allowing craft breweries to optimize hop utilization for improved bitterness, flavor, and aroma, thereby increasing brewing efficiency and cost-effectiveness. Beyond hops, the company extends its expertise to hemp extraction, offering high-purity terpene isolation and full-spectrum CBD distillate production. New River Distilling also engages in co-packing and beverage innovation, further diversifying its service portfolio within the agricultural processing and craft beverage markets.
How much funding has New River Distilling raised?
New River Distilling has raised a total of $30K across 1 funding round:
Debt
$30K
Debt (2021): $30K with participation from PPP
Key Investors in New River Distilling
PPP
Public-Private Partnership
What's next for New River Distilling?
With the recent substantial expansion capital, New River Distilling is poised to scale its operations and enhance its technological capabilities. The significant Series B/C stage funding suggests a strategic push towards market leadership, potentially involving the expansion of its service offerings, increased production capacity, and broader geographic reach.
Future developments are likely to center on further innovation in distillation and extraction technologies, solidifying its position as a key partner for craft beverage producers and agricultural processors seeking to maximize resource value and operational efficiency.
