Brewery software Ekos raises $8M

Ekos , a business management software for independent craft beverage companies, has announced an $8 million Series A investment round. This Series A is the first outside investment into Ekos, which has been self-financed to date, and represents one of the Charlotte area’s largest Series A investments in recent history.

This funding round is being led by Noro-Moseley Partners, an Atlanta-based venture capital firm that invests in early growth information technology and healthcare businesses with rapidly scaling revenue, a capital-efficient model and a clear pathway to profitability. Alan Taetle, General Partner, and John Ale, Principal, from Noro-Moseley Partners will join the Ekos board of directors.

Founded in 2014 and headquartered in Charlotte, N.C., Ekos partners with more than 1,700 craft producers in 40 countries around the world – including beer, cider, wine, coffee, and food companies – to manage their day-to-day operations in inventory, production, sales, and accounting. Ekos currently serves more than 15% of the craft breweries in the U.S., including popular brands like Austin Beerworks, Breakside Brewery, Hardywood Park Craft Brewery, and Wormtown Brewery.

Proceeds from this investment will be used to enhance product features and build integrations with best-in-class solutions for the craft food and beverage industry. The Ekos team also plans to hire at least 40 new team members by the end of 2020 to make these plans a reality. Ultimately, the Ekos solution will function as a “central hub” for craft food and beverage businesses.