Orchestra Software, a Portland, Ore.-based startup that builds software for breweries and distilleries, today announced a $14 million investment round from Radian Capital, a New York City-based growth equity fund.
Founded in 2008, Orchestra has more than 350 customers across the craft beverage industry that use its software to manage sales, shipments, accounting, production, inventory, and more.
“We are now positioned to realize our long-term vision for the industry, as we enhance our existing solutions and expand beyond core ERP into new categories to drive additional value and efficiency to our customer,” said Orchestra CEO Brad Windecker.
The fresh cash will be used to expand to new beverage categories and geographies.
There were 16,800 businesses producing craft beverages in the U.S. in 2017 that produced $31 billion in annual sales, according to the Congressional Research Service. The number of craft spirit distilleries increased by 26 percent in 2017, according to the American Craft Spirits Association.