Hiyo Secures $20.8 Million in Series B Funding to Support Expansion
Non-alcoholic social tonic brand Hiyo has completed an oversubscribed $20.8 million Series B round to expand its retail footprint and nightlife presence.
Non-alcoholic social tonic maker Hiyo has closed an oversubscribed $20.8 million Series B funding round, according to Brewbound.
The beverage company plans to use the capital to build on its expanding retail footprint. Additionally, Hiyo aims to push further into live entertainment and nightlife venues. The successful funding round supports the brand's commercial strategy to broaden distribution across both retail locations and venue-based channels.
Key facts
- Hiyo secured $20.8 million in an oversubscribed Series B funding round.
- The company produces non-alcoholic social tonics.
- Capital will be used to grow retail distribution and enter live entertainment and nightlife channels.
Why it matters
The investment highlights continued financial backing for non-alcoholic beverage brands looking to capture market share in nightlife and live entertainment environments.
- Brewbound — 2026-10-02: “Hiyo Closes $20.8M Series B as Distribution Footprint Surges”
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