Overview

• Garage Beer completed its first institutional funding round that values the company at roughly $200 million, according to multiple reports.
• Durational Capital Management is reported as an investor in the round, and beer-industry veteran Bill Hackett will join the board.
• CEO Andy Sauer says revenue is on track to reach $60 million to $70 million this year, up from less than $20 million in 2024.
• The company says proceeds will go toward marketing and brand expansion, continuing its focus on younger legal-age drinkers.
• Garage Beer keeps a tight portfolio with two 4% ABV, 95-calorie light beers and leans on social engagement, with Travis and Jason Kelce actively involved as co-owners.