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Incubator/Accelerator
rockymountmills.com/brew

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Investments

4

Portfolio Exits

1

Partners & Customers

1

About Rocky Mount Mills Brewery Incubator

The Rocky Mount Mills Brewery Incubator fosters innovation, collaboration, mentoring and success for brewing, fermenting or distilling ventures.

Rocky Mount Mills Brewery Incubator Headquarter Location

1151 Falls Rd

Rocky Mount, North Carolina, 27804,

United States

252-969-0909

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Latest Rocky Mount Mills Brewery Incubator News

Rocky Mount Mills Launches Brewery Incubator

Nov 19, 2017

ROCKY MOUNT, N.C. — Rocky Mount Mills, a complete mixed-use development based in Rocky Mount, NC, has unveiled the inaugural class of a one-of-a-kind, intensive incubator program designed for brewers. The Rocky Mount Mills Brewery Incubator, a three-year program, is designed to teach entrepreneurs to brew, learn and proof their concepts while at the same time, helping them to develop a business plan, recruit investment and eventually grow beyond the incubator space. Based in a refurbished 6,000 square foot shipping warehouse on the nearly two-hundred-year-old campus, the Brewery Incubator offers participants their own 10 bbl brew system with fermentors in each space to produce up to 1000 bbl per year and a keg cooler to serve beer out of each space with eight taps. All incubator tenants have access to a keg washer, a 5-head canning line, dry and cold storage and a public beer garden to sell and serve their product. All Incubator tenants have access to the Nash Community College Brewing, Distillation and Fermentation program, the classes are held on Nash’s primary campus as well as in their brewery lab at the Mills. The inaugural class includes groups with varying backgrounds and approaches to brewing. The brewers include Planetary Elixirs, HopFly Brewing Company, BDD Brewing Company and Bull Durham Beer Company (more on each below). These four breweries join the popular Koi Pond Brewing and Tarboro Brewing Company West already located on the Mills 150-acre campus. “Our inaugural class of brewers comes from all walks of life and bring with them different approaches, methods, and philosophies towards brewing,” said Sebastian Wolfrum, Executive Brewmaster, Rocky Mount Mills. “We see the spirit that built Rocky Mount Mills two hundred years ago, and that continues to make our community one of hard work and triumph in each of them. We’re looking forward to seeing and, more importantly, tasting what they have to offer.” Brewery Incubator tenants will open for business this fall with beverages being served at the Mills and different points throughout their distribution chains. “We found at Rocky Mount Mills a brand and a lifestyle that aligns perfectly with our commitment to creating a quality product that fuels adventure, collaboration and the good times we share with family and friends,” said Cam Schulz, founder, HopFly Brewing Company. “We’re eager to learn, grow our business and work with our fellow incubator tenants to create a destination based on the growing brewing industry in North Carolina.” About Planetary Elixirs Founded by Scott Meyer, a brewing and winemaking veteran with a deep background in the culinary world; Scott seeks to introduce exotic beverages from different parts of the world to the American palate. His non-alcoholic line of Botanical Infusions will feature drinks like Jamaica Roselle based on the Christmas Sorrel Drink from Jamaica & Thai Tie; inspired by a panoply of iconic Thai flavors including Lime, Ginger, Basil, & Lemongrass. He will sell in 375mL and 1 Liter bottles from the Mill campus and other points throughout NC. HopFly Brewing Company A Triangle native, Cameron Schulz spent six years working in corporate merchandising in Columbus, Ohio before returning to his home state to found HopFly Brewing Company. A serendipitous advertisement for the Brewery Incubator came at just the right time, leading Cameron to choose Rocky Mount as the hometown for his new business. HopFly’s mission is to create “beer for every adventure,” with Cameron focused on brewing full-flavored yet sessionable styles that can be enjoyed both in his tasting room and on your next outdoor adventure! HopFly opened on November 18, 2017. BDD Brewing Company A hilarious late night of one too many for a close family member resulted in a family slogan of “Bucken Da Dicey” and the name of Chazz Oesch and cousin, Matt Nichols, home brewing operation. The 26- and 27-year-olds are hungry to make their name in the brewing scene in North Carolina. BDD Brewing Company will open in winter 2017. Bull Durham Beer Company The first brewery in a minor league stadium takes its namesake from the team it supports and likely the only minor league baseball team a majority of Americans can name. When production at the Durham Bulls Stadium at American Tobacco Campus couldn’t keep up with demand, Bull Durham Beer Company expanded to the Brewery Incubator to continue its success.

Rocky Mount Mills Brewery Incubator Investments

4 Investments

Rocky Mount Mills Brewery Incubator has made 4 investments. Their latest investment was in Bull Durham Beer Company as part of their Incubator/Accelerator on November 11, 2017.

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Rocky Mount Mills Brewery Incubator Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/14/2017

Incubator/Accelerator

Bull Durham Beer Company

Yes

1

11/14/2017

Incubator/Accelerator

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10

11/14/2017

Incubator/Accelerator

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10

11/14/2017

Incubator/Accelerator

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10

Date

11/14/2017

11/14/2017

11/14/2017

11/14/2017

Round

Incubator/Accelerator

Incubator/Accelerator

Incubator/Accelerator

Incubator/Accelerator

Company

Bull Durham Beer Company

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Amount

New?

Yes

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Co-Investors

Sources

1

10

10

10

Rocky Mount Mills Brewery Incubator Portfolio Exits

1 Portfolio Exit

Rocky Mount Mills Brewery Incubator has 1 portfolio exit. Their latest portfolio exit was Bull Durham Beer Company on January 10, 2019.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

1/10/2019

Acquired

$99M

1

Date

1/10/2019

Exit

Acquired

Companies

Valuation

$99M

Acquirer

Sources

1

Rocky Mount Mills Brewery Incubator Partners & Customers

1 Partners and customers

Rocky Mount Mills Brewery Incubator has 1 strategic partners and customers. Rocky Mount Mills Brewery Incubator recently partnered with American Underground on December 12, 2017.

Date

Type

Business Partner

Country

News Snippet

Sources

12/6/2017

Partner

United States

Rocky Mount Mills - Rocky Mount, NC Shaw Expands Partnership with Innovation Centers. New Site at Mixed-Use Rocky Mount Mills to Train Students for 21st Century Jobs.

The engineering of the new partnerships with American Underground is yet another way Shaw University President , Dr. Tashni Ann Dubroy is delivering on her promise to make the historically black university a premier 21st century institution .

1

Date

12/6/2017

Type

Partner

Business Partner

Country

United States

News Snippet

Rocky Mount Mills - Rocky Mount, NC Shaw Expands Partnership with Innovation Centers. New Site at Mixed-Use Rocky Mount Mills to Train Students for 21st Century Jobs.

The engineering of the new partnerships with American Underground is yet another way Shaw University President , Dr. Tashni Ann Dubroy is delivering on her promise to make the historically black university a premier 21st century institution .

Sources

1

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