Moth, the canned cocktail company, has secured a £4.6 million investment to expand its marketing efforts, grow its team, and fuel its US expansion.

The funding round was led by transatlantic venture capital firm Beringea and comes after three years of growth for Moth. The brand currently holds a 41% share of the premium ready-to-drink (RTD) sector in the UK off-trade market.

Moth’s cocktails are available in over 3,000 UK supermarkets, with one can reportedly sold every seven seconds. This new funding will help the company strengthen its position in the UK, accelerate its expansion into the US, and grow its team in both markets. After successful launches in Massachusetts and Florida in 2023, Moth plans to open its first US office.

Co-founder Sam Hunt expressed pride in Moth’s journey, stating that the investment reflects the company’s success and is a pivotal step for future growth. Moth aims to continue providing high-quality, ready-to-pour cocktails to a wider audience while maintaining its focus on offering an exceptional cocktail experience.

Since its 2021 launch, Moth has seen rapid commercial success, with revenues growing by 200% in 2022 and 150% in 2023. The team has also expanded to 35 members within three years. Harry Thomas, portfolio director at Beringea, praised the company’s growth, noting its strong potential in the US market.

Moth’s current RTD cocktail lineup includes Margarita, Negroni, Mojito, Aperitivo Spritz, Espresso Martini, Piña Colada, French 75, Old Fashioned, Cosmopolitan, and Paloma. The full range is available through Waitrose, waitrose.com, mothdrinks.com, and major UK retailers such as Tesco, Sainsbury’s, Morrisons, and Asda.