Beringea backs the alcohol-free beer brand, Lucky Saint

Thursday 19th January, 2023

Lucky Saint has secured a Series A funding round of more than £10 million, led by Beringea and JamJar investments. Marriott Harrison advised consumer and technology growth investor, Beringea on the investment. The funding will support Lucky Saint’s continued growth and expansion as Europe’s leading independent alcohol-free beer brand.

Lucky Saint is an award-winning alcohol-free beer brand which is known for its healthy and high-quality products. With the current market trend of non-alcoholic options, the brand is well-positioned to capture this market share. This year, Lucky Saint is forecasting the biggest Dry January to date, predicting a rise in their sales of over 100% and an increase in Dry Jan participation of 25% to over 10 million people.

Luke Boase, founder and CEO of Lucky Saint, said: “This is a big moment for Lucky Saint. This latest investment will ensure further success for the company in the UK and help us build a globally recognised alcohol-free brand”.

Beringea is a transatlantic venture capital firm which invests in scaling companies. Focusing on Series A and Series B rounds, Beringea adds value through strategic connections, transatlantic growth, and the Beringea Scale-Up Academy. Its investment in Lucky Saint marks the largest funding round raised by an alcohol-free beer brand in Europe.

David Strong and Graham Halliday led the Marriott Harrison team, which included Ben Cole, Sofia Gottgens and Elisabetta Bestetti.

Congratulations to everyone involved.

#alchoholfree #SeriesA #investment

Articles by Graham Halliday