Alethia Venture Partners
Opportunity Fund I
Our inaugural fund — a focused vehicle for early stage CPG and Beverage Companies with exits targeted between 3-5 years.
Disciplined Capital for Transformative Companies
Alethia Opportunity Fund I was established to back exceptional founders at the early stages of company formation. We have invested in 6 companies across two vintage years, deploying capital with the patience and conviction that defines our institutional approach.
Fund I is continuing to raise capital and is deploying across multiple brands. Our portfolio companies are continuing to grow significantly and we are adding several more companies to the portfolio over the next two years.
Fund Size
$20-25M
Vintage Year
2024
Portfolio Companies
6
Follow-on Capital Raised
In Progress
Successful Exits
In Progress
Fund Status
Raising & Deploying
What We Believe In
Alcohol
We believe that traditional spirits and alcohol based products will continue to grow over coming years in the premium categories. Alethia only invests in premium brands with exceptional leadership and scalability to exit.
Non-Alcohol
The categories of non-alcohol and low alcohol products is the fastest growing sector in the beverage space. Each of our brands and the brands we support are leaders in those categories.
Consumer Packaged Goods
Within the beverage space there are many opportunities to invest in products that support beverage which are not just the liquid inside the cans or bottles. We actively look for innovative technologies where we can accelerate our portfolio companies revenue and get them to exit quicker.
Fund I Companies
Maker Wine
Alcohol Beverage
A California-based premium canned wine marketplace connecting modern drinkers with independent, small-batch craft producers. Available on United Airlines and at Safeway, Albertsons, and select national retailers.
Kove
Alcohol Beverage
San Diego-based craft brewed cocktail brand known for award-winning hard yerba mate and botanical-infused ready-to-drink beverages. Available at Sprouts, Total Wine, BevMo!, and Vons.
Gay Water
Alcohol Beverage
A queer-owned canned vodka soda brand reclaiming the word 'gay' and increasing LGBTQ+ representation in retail. Sugar-free, gluten-free, 80 calories per can. Available at Total Wine, BevMo!, and nationwide.
Heywell
Non-Alcohol Beverage
Chicago-based functional sparkling water brand infused with adaptogens, ashwagandha, and organic caffeine. Women-owned, certified B-Corp. Available at Target (550+ stores), Whole Foods, and Erewhon.
Kopu Water
Non-Alcohol Beverage
Santa Barbara-based luxury sustainability water brand sourced from artesian springs beneath the Cascade Range and New Zealand volcanoes. Packaged in 100% recyclable aluminum. Served at Ritz-Carlton, Four Seasons, and Aman resorts.
Vinalia
Alcohol Beverage
A pioneering wine subscription brand spotlighting rare grape varieties and underrepresented regions — Slovenia, Romania, Uruguay, Armenia, and beyond. Co-founded by a Master of Wine. Ships to 36 states.
Advisory Portfolio
3 companies
Zunte
Spirits / Mezcal
An artisanal mezcal brand crafted from 100% Espadin agave in Oaxaca, Mexico. Zunte sits at the intersection of traditional Mexican craft and modern luxury — including a Swarovski crystal collaboration and the ultra-premium Zunte GOLD expression featuring 24-karat gold and wild Tepeztate agave. Distributed nationally via A21 Wine & Spirits.
Above Board
Spirits / Liqueurs
A San Diego-based craft liqueur brand pioneering zero-glycemic, low-sugar alternatives to traditional liqueurs. Using plant-based sweeteners like monk fruit and allulose, Above Board offers Coffee, Orange (Triple Sec), and Irish Cream expressions — available at Total Wine, Ralphs, and select California hospitality venues.
Kleos
Spirits / Botanical
The world's first super-premium Mastiha spirit, founded by Effie Panagopoulos — the first Greek woman to launch a liquor brand. Double-distilled from the rare resin of the skinos tree on the Greek island of Chios, Kleos delivers notes of cucumber, mint, and sweet tea at a sessionable 30% ABV. Available in 48 U.S. states and 7 countries.
Portfolio Summary
6 companies| Company | Status |
|---|---|
| Maker Wine | Active |
| Kove | Active |
| Gay Water | Active |
| Heywell | Active |
| Kopu Water | Active |
| Vinalia | Active |
Advisory Portfolio
3 companiesCompanies where Alethia serves in a strategic advisory capacity.
| Company | Status |
|---|---|
| Zunte | Advisor |
| Above Board | Advisor |
| Kleos | Advisor |
Non-Fund Portfolio
1 companiesCompanies supported outside of the fund structure.
The Plug
Non-Alcohol Beverage / Functional
A Los Angeles-based plant-based functional recovery beverage co-founded by brothers Justin and Ray Kim. Formulated with a proprietary blend of 13 natural South Korean herbs — including DHM, dandelion, and kudzu root — to support liver health, hydration, and hangover recovery. Available at Target, BevMo!, Gopuff, and Amazon.
Non-Fund Portfolio
1 companiesCompanies supported outside of the fund structure.
| Company | Status |
|---|---|
| The Plug | Active |
Interested in Fund II?
Our second fund is actively raising capital.