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Canteen Spirits

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Making new type of spirit

Austin, United StatesFounded 2019Food
Valuation $50–100M Last recorded · 2021
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Canteen Spirits and the history behind them.

About Canteen Spirits

CANTEEN Spirits, based in Austin, TX, is a startup that specializes in producing ready-to-drink vodka and sparkling water beverages. These drinks are crafted with real vodka and natural flavors, boasting a 5% alcohol by volume (ABV). What sets CANTEEN Spirits apart is its commitment to health-conscious consumers, as their products contain zero sugar and no carbs, making them a healthier alternative to traditional alcoholic beverages.

The company primarily targets adventurous, health-conscious individuals who are looking for convenient, low-calorie alcoholic options. This demographic often includes young professionals, outdoor enthusiasts, and fitness-minded consumers who value both convenience and quality in their drink choices.

Operating in the rapidly growing ready-to-drink (RTD) alcoholic beverage market, CANTEEN Spirits leverages the increasing consumer demand for healthier and more convenient drinking options. The RTD market has seen significant growth as consumers seek out beverages that fit their active lifestyles without compromising on taste or quality.

CANTEEN Spirits employs a direct-to-consumer business model, selling its products through its website, drinkcanteen.com, as well as through various retail partners. The company generates revenue by selling individual cans and multi-can packs, offering a variety of flavors to cater to diverse consumer preferences. Additionally, CANTEEN Spirits benefits from repeat purchases and brand loyalty, driven by its unique value proposition of health-conscious, flavorful, and convenient alcoholic beverages.

In summary, CANTEEN Spirits is carving out a niche in the RTD alcoholic beverage market by offering a unique product that appeals to health-conscious, adventurous consumers. The company's focus on quality ingredients and convenience positions it well to capitalize on the growing trend towards healthier drinking options.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2019
Headquarters
Austin, United States
Employees
15
Open positions
None listed
Dealroom signal
64.7/100
Industry
Food
Sub-industry
Innovative Food
Sector
Food, Wine and Spirits
Business model
Manufacturing
Client focus
b2c

Funding history

2 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
DEBT✓Debt Apr 2021 $16M — ATX Venture Partners —
EARLY VC✓Equity / VC Apr 2021 $16M $62M ATX Venture Partners —
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Growth signals

Canteen Spirits website traffic

Latest recorded traffic for Canteen Spirits is 1.5K monthly website visits, up 158.6% over the last three months. Canteen Spirits's team declined 11.8% over the past year.

Latest monthly visits1.5K 3-month web change+158.6% 1-year team growth-11.8%
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Similar companies

Closest operating peers by Dealroom taxonomy

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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

2 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series B and later1 investor entered at this stage

  • ATX Venture Partners

Other known investors1 additional known investor

  • Ravi Parikh
Team profiled 2 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 1 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
1 countries with
team presence
🇺🇸 United States100%
1 country shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Canteen Spirits on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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