pre-accelerator

Designed specifically for early stage drinks businesses led by founders from underrepresented communities. They look for ambitious founders with great alcoholic and non alcoholic drinks brands who want to take their business to the next level and become successful in both their home market and on a global scale. Business need to have a product that is either on sale, or ready to be commercialized and has pre-sales. Successful applicants will receive an initial investment of up to $500k/£350k and 6 months of bespoke acceleration support from Distill Ventures. Initial investment is in exchange for a SAFE (Simple Agreement for Future Equity) which basically means no equity is exchanged at the point of investment. The SAFE note would convert to an equity stake at the next investment round. Regardless of the size of investment, we remain a minority investor so founders stay fully in control as the business scales.

Portfolio: Drinkvervet, Atost, Drinkaware, Lot-42.