Austin Eastciders, which first opened in an old railroad station in East Austin, has raised $5.7 million in equity funding, according to a securities filing.
The company, which sells alcoholic ciders, received the funding from six unidentified investors, according to a filing with the U.S. Securities and Exchange Commission.
Austin Eastciders previously reported raising a $4.5 million funding round in 2018.
Austin Eastciders was founded in 2013 by Ed Gibson, who previously owned an English cider bar, and beer businessman Mark King.
Today, Austin Eastciders operates from a 33,000-square-foot facility in Southeast Austin where it produces most of its cider, which is sold in both retail and bar and restaurant locations nationwide.
In 2017, the company opened the Austin Eastciders Collaboratory, a 1,960-square-foot tasting room, barrel house and small production facility at 979 Springdale Road.
This week Austin Eastciders announced it is launching a hard seltzer line both in local stores and on draft at its Springdale tasting room.
In November, the company announced it would open a second tasting room at 1530 Barton Springs Road, which was formerly home to Uncle Billy’s Brewery & Smokehouse.
Austin Cocktails raises $2.5 million for growth
In another industry fundraising round, Austin Cocktails, which sells bottled craft cocktails, has received $2.5 million of a planned $5 million round, according to an SEC filing.
The investment will allow Austin Cocktails, which launched in 2014, to open its own production facility, said co-founder Kelly Gasink.
"Bringing production in-house gives us so much flexibility in terms of when we want to do our production runs." said Gasink, who co-founded the company with sister Jill Burns. "We can control inventory management better, we can buy raw materials at scale and centralize our warehousing."
Austin Cocktails, which is sold in 14 states, previously raised an undisclosed amount of funding from beverage giant Constellation Brands.