YOUR BUSINESS AUTHORITY

Springfield, MO

Log in Subscribe

Synek beer dispenser raises $2.5 million

Posted online
A crowdfunded draft beer dispenser has raised $2.5 million from St. Louis venture capital firm Arsenal Capital Management, according to the St. Louis Business Journal.

The Synek Draft System has been called the Keurig of craft beer. Company officials say the funds will build inventory of the company’s drink dispensers, each about the size of a coffee machine. Synek and founder Steve Young plan to begin a 35-city product tour beginning June 25 in St. Louis and ending 15 days later in Denver, the business journal reports.

Last year, Synek raised $640,000 on Kickstarter and has received over $1 million in orders.
 
Read more from the St. Louis Business Journal.[[In-content Ad]]

Comments

No comments on this story |
Please log in to add your comment
Editors' Pick
Executive Insider: Mike O’Brien

Missouri native returns to help lead Vital Farms facility.

Most Read
SBJ.net Poll
How do you feel about the city of Springfield's new elected leadership?

*

View results

Update cookies preferences