When was First Beverage Group founded?

First Beverage Group was founded in 2005.

Where is First Beverage Group's headquarters located?

First Beverage Group's headquarters is located in Los Angeles (United States).

How big is First Beverage Group's investment team?

First Beverage Group has a team of 6, including 3 partners.

How many companies has First Beverage Group invested in?

First Beverage Group has invested in 12 companies, including Drizly & Health-Ade.

Which companies has First Beverage Group invested in lately?

G FUEL & MAD TASTY are the latest investments by First Beverage Group.

First Beverage Group - 2026 Investor Profile, Portfolio, Team & Exits

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First Beverage Group is a private equity firm founded in 2005. It is primarily based in Los Angeles, United States. As of Jul 2026, First Beverage Group has a portfolio of 12 companies, comprising 12 funding rounds and 1 acquisition. The firm primarily invests in companies based in United States. Its portfolio is spread across a wide range of sectors from Food and Agriculture to Consumer Goods. Most recently it acquired stakes in Health-Ade on Jul 22, 2025.

Overall First Beverage Group portfolio has seen 4 acquisitions, namely Drizly, Health-Ade and Repsly. A lot of funds co-invest with First Beverage Group, with names like Polaris Partners sharing a substantial percentage of its portfolio.

First Beverage Group has a team of 6 people, including 3 partners.

Key Metrics

Founded Year

2005

Location

Los Angeles, United States

Portfolio Companies

Drizly, Health-Ade & 10 more

Portfolio Sectors

Food and Agriculture, Consumer Goods

Portfolio Locations

United States

Acquisition Deals

Health-Ade

Investment Deals

Drizly, Health-Ade & 10 more

View First Beverage Group's full profile

First Beverage Group has a portfolio of 12 companies. They have invested in a total of 12 companies. Their most recent investment was in G FUEL (Seed round) on Nov 16, 2023. Here is the most recent investment by First Beverage Group:

Date	Company	Round	Amount	Co-Investors
Nov 16, 2023	G FUEL	Seed	2164	Kingswood Capital
Nov 21, 2019	MAD TASTY	Seed	1219	-
Oct 10, 2018	VitaCup	Series B	4082	North Castle Partners
Jun 27, 2018	Laws Whiskey House	Series A	8764	-

View all investments by First Beverage Group

First Beverage Group has acquired 1 company. Their most recent acquisition was of Health-Ade on Jul 22, 2025. Here is the most recent acquisition by First Beverage Group:

Acquisition Date	Company	Short Description	Total Funding	Founded Year
Jul 22, 2025	Health-Ade	Bubbly probiotic tea and gut-healthy soda for a happier gut	$54.1M	2012

Here is the portfolio snapshot of First Beverage Group:

Investments by Year

The maximum number of investments were made in 2023

Acquisitions by Year

The maximum number of acquisitions were made in 2021

Portfolio by Location

Companies are primarily in United States

Portfolio by Sector

Companies are primarily in Food and Agriculture

First Beverage Group has a team of 6 members including 3 Partners and 2 Principals located in United States. First Beverage Group's team sits on the board of 1 company.

Here is a list of all team members in First Beverage Group:

Name	Designation	Location	Board Memberships	Contact Details
William S Anderson	Partner	Los Angeles	-	-
Kyle Wheeler	Partner	-	-	-
Bob Nakasone	Partner	Los Angeles	Health-Ade	-
Joe Angiuli	Principal	-	-	-
Mai Lai	Principal	Los Angeles	-	-
Alessia Giovino	Associate	-	-	-

View team details of First Beverage Group

Over the past 21 years, 13 investors have co-invested in First Beverage Group's portfolio companies.

Top Co-investors of First Beverage Group: 13 investors entered a company along with First Beverage Group. These include investors like Polaris Partners (1 company).

View the list of Co-Investors of First Beverage Group

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Private Equity Owner of Bolthouse Farms to Acquire Kombucha Brand Health-AdeFood Manufacturing•Jul 30, 2025•Bolthouse Farms, Health-Ade, , and 3 others

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Generous Brands to Acquire Health-Ade Kombucha, Doubling Down on Premium Functional BeveragesThe Joplin Globe•Jul 22, 2025•, First Beverage Group

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G FUEL Receives Investment From Kingswood Capital Management and First BevFinSMEs•Nov 17, 2023•G FUEL, Kingswood Capital, First Beverage Group, ZenWTR and 16 others

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Former Essentia owner acquires controlling stake in kombucha brand Health-AdeFood Dive•Aug 18, 2021•First Beverage Group, Health-Ade

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First Bev acquires controlling stake of Health-Ade and names new CEOFoodNavigator-USA•Aug 18, 2021•Health-Ade, First Beverage Group, Manna Tree, Vail

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