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Wild Common raises $5m
Agave spirits brand Wild Common has raised US$5 million to help it enter new markets and expand its team.
Wild Common, which produces a range of Tequilas and mezcals, raised US$5m through a Series A funding round from HIPstr, a division of private investment firm HighPost Capital.
Wild Common said it plans to use the funds to continue to scale its platform and enter new markets, grow its team, further enhance its agave spirits, and tap into the Tequila category’s growth.
Founded by Andy Bardon in 2021 in Wyoming, Wild Common’s agave is grown and harvested by hand from Mexico’s volcanic soil, slow roasted in small batches, distilled by ‘experts’, and bottled by hand on site.
“Wild Common’s mission is to bring people together to share moments – and exceptional Tequila,” said Bardon, CEO of Wild Common.
“Wild Common started its journey in Jalisco, where I met the Rosales family, whose traditions in the area date back to 1904, and collaborated to seek to create the finest expression of Tequila possible. We are excited to partner with HIPstr, whose team has a proven track record of building leading consumer businesses as we enter our next phase of growth.”
David Moross, chairman and CEO of HighPost, added: “We look forward to helping Wild Common continue to enhance its line-up of high-quality agave spirits and capitalise on what is a highly attractive market for growth.”
The US continues to be the leading market for agave spirits with volume growth of 4% and a value rise of 7% in 2023, according to data from IWSR Drinks Market Analysis.