Btomorrow Ventures

🚀 Exciting news from Btomorrow Ventures! As we continue supporting BAT's transformation into a multi-category consumer goods business, we’re excited to announce new investments into Caliwater and Feisty, alongside follow-on investments into Moment | Drink Your Meditation, AWAKE Chocolate and Mais Mu. These investments reflect our continued conviction in the wellness category and our long-term approach to partnering with ambitious founders and brands that are shaping the future of consumer experiences. We're delighted to welcome Caliwater and Feisty to the BTV portfolio and look forward to supporting their next phase of growth. A special thank you to the talented teams behind these brands, including Oliver Trevena and Blair O. (Caliwater) and Vy Cutting (Feisty), whose creativity and vision are helping redefine how consumers think about wellness and beverages. And congratulations to everyone involved Lukasz Garbowski Karen Xiang Nick Whitworth Luca Marras Georgios Leivadas Matt Fitchett Emily Arnett Yemo Guo. Find out more here: https://lnkd.in/et-dZrvh #ConsumerInnovation #Wellness #VentureCapital #ABetterTomorrow #BtomorrowVentures

🎥 A powerful spotlight on the future of biomedical research. Directed by Emmy Award-winning filmmaker Steven Latham and narrated by Edie Falco, The New Gold Standard takes audiences inside leading research institutions, including Harvard and Stanford, where scientists are developing innovative human-based technologies that many believe are reshaping how medicines are discovered, tested and approved. The documentary explores a pivotal moment for the life sciences industry. More than 42,000 dogs and over 106,000 monkeys are used and held in U.S. laboratories each year, alongside millions of other animals, driving growing interest in more predictive and human-relevant approaches to research. Through the voices of researchers, scientists, policymakers, former laboratory veterinarians and animal welfare advocates, the film examines the technological and regulatory developments accelerating the adoption of New Approach Methodologies (NAMs) across biomedical research. It's great to see Hesperos Inc., a BTV portfolio company, featured in the documentary among the organisations helping advance this next generation of science. 🎬 Learn more about the film: https://lnkd.in/gdgRrsBu In theatres later this summer. Streaming this fall. #TheNewGoldStandard #BiomedicalResearch #NAMs #ScienceInnovation #DrugDiscovery #FutureScience #Biotech #ABetterTomorrow

🎬 When the science we back makes it to the big screen! The New Gold Standard is an upcoming feature documentary narrated and executive produced by Emmy and Golden Globe winner Edie Falco. It takes audiences inside the human-based technologies that are starting to replace animal testing in drug discovery to be the new Gold Standard. 🧬 We're proud that the film heavily features our portfolio company Hesperos Inc., the original human-on-a-chip company and its founder, James J. Hickman, Ph.D. Hesperos’ Human-on-a-Chip® platform recreates human organ responses to speed up drug development while cutting reliance on animal studies. ▶️ Watch the trailer: https://lnkd.in/ghSFsWva #FutureScience #DrugDiscovery #OrganOnAChip #Biotech #VentureCapital #ABetterTomorrow

🚀 New Investment Announcement 🚀 We’re excited to share that Btomorrow Ventures, in partnership with BAT’s Open Innovation team, has completed its latest fund investment into Emerald Technology Ventures. Founded in 2000 and headquartered in Zurich, Emerald is a globally recognised venture capital firm focused on sustainable industrial innovation. Emerald invests in early and growth-stage companies addressing some of the most pressing global challenges across energy, water, materials & packaging, food & agriculture, water & wastewater, automation & industrial IT, and mobility & urbanisation. Emerald brings together a unique ecosystem of over 50 leading corporations, institutional investors, and governments, combining venture capital with open innovation to accelerate the transition towards a more sustainable future. Through its platform, Emerald connects high-potential start-ups with global corporations. Through this investment, Btomorrow Ventures and BAT’s Open Innovation team will partner closely with Emerald to access cutting-edge innovation across industrial sustainability and emerging technologies. The partnership will provide enhanced visibility into global innovation pipelines and support BAT’s broader transformation agenda. We are excited to partner with Emerald and support its continued mission to identify and scale breakthrough solutions that address critical environmental and industrial challenges. Lukasz Garbowski, Chief Investment Officer at Btomorrow Ventures: “Emerald has built a leading platform at the intersection of venture capital and industrial innovation. Emerald’s global network, deep expertise and strong corporate partnerships make them an ideal partner for BTV. We are particularly excited by the strategic access this provides to cutting-edge technologies and the opportunity to work together to accelerate innovation aligned with BAT’s transformation priorities.” We look forward to joining Emerald on the next phase of its journey and to working closely together to unlock new opportunities across its portfolio. 👏 Huge thanks to everyone involved in delivering this investment Lukasz Garbowski, Sam Morris, Luca Marras, Yemo Guo and Emily Arnett Read the full article on the BTV website here - https://lnkd.in/eKiiPPC6 #BtomorrowVentures #NewInvestment #VentureCapital #Sustainability #Innovation #IndustrialTech #OpenInnovation

In today’s market, raising capital is harder, which makes choosing the right capital even more important. In our latest sponsored episode of Business of Drinks, we sit down with Karen Xiang, Investment Lead at Btomorrow Ventures, to unpack what “value beyond the check” actually looks like in today’s drinks landscape. Btomorrow Ventures is the corporate venturing arm backed by BAT - but it doesn’t operate like a traditional VC. And it doesn’t operate like a typical corporate incubator either. If you’re a drinks founder, investor, or operator navigating functional, better-for-you, and mood-enhancing categories, here’s why this conversation is worth your time: 🔶 𝗪𝗵𝗮𝘁 𝗰𝗼𝗿𝗽𝗼𝗿𝗮𝘁𝗲 𝘃𝗲𝗻𝘁𝘂𝗿𝗲 𝗰𝗮𝗽𝗶𝘁𝗮𝗹 𝗿𝗲𝗮𝗹𝗹𝘆 𝗶𝘀 - 𝗮𝗻𝗱 𝗵𝗼𝘄 𝗶𝘁 𝗱𝗶𝗳𝗳𝗲𝗿𝘀 𝗳𝗿𝗼𝗺 𝘁𝗿𝗮𝗱𝗶𝘁𝗶𝗼𝗻𝗮𝗹 𝗩𝗖 Karen breaks down the mechanics of CVCs, including how strategic mandates shape investment decisions, and what founders need to understand before bringing a corporate onto the cap table. 🔶 𝗪𝗵𝘆 𝗯𝗲𝘃𝗲𝗿𝗮𝗴𝗲 𝗶𝘀 𝗮 𝗵𝗮𝗿𝗱 𝗰𝗮𝘁𝗲𝗴𝗼𝗿𝘆 𝗳𝗼𝗿 𝗺𝗼𝘀𝘁 𝘃𝗲𝗻𝘁𝘂𝗿𝗲 𝗶𝗻𝘃𝗲𝘀𝘁𝗼𝗿𝘀 Beverage is capital-intensive, dilutive, and operationally complex. Karen explains why so few “serious” investors lean in - and what that means for founders raising in this environment. 🔶 𝗧𝗵𝗲 𝗿𝗶𝘀𝗲 𝗼𝗳 𝘄𝗲𝗹𝗹𝗻𝗲𝘀𝘀 𝗮𝗻𝗱 𝘀𝘁𝗶𝗺𝘂𝗹𝗮𝘁𝗶𝗼𝗻 From nicotine alternatives to nootropics and functional beverages, BTV is underwriting a long-term shift in how consumers think about mood, energy, and health - not just chasing the trend of the moment. 🔶 𝗛𝗼𝘄 𝗱𝗶𝘀𝘁𝗿𝗶𝗯𝘂𝘁𝗶𝗼𝗻 𝗮𝗻𝗱 𝗲𝗻𝘁𝗲𝗿𝗽𝗿𝗶𝘀𝗲 𝗶𝗻𝗳𝗿𝗮𝘀𝘁𝗿𝘂𝗰𝘁𝘂𝗿𝗲 𝗰𝗮𝗻 𝘂𝗻𝗹𝗼𝗰𝗸 𝗴𝗿𝗼𝘄𝘁𝗵 Through its in-house growth platform and partnerships like Water Street Collective, BTV aims to plug portfolio brands into real operating capabilities - from pilots to distribution agreements - rather than leaving founders to figure it out alone. 🔶 𝗪𝗵𝗮𝘁 𝗺𝗮𝗸𝗲𝘀 𝗮 𝗯𝗿𝗮𝗻𝗱 𝗱𝘂𝗿𝗮𝗯𝗹𝗲 One of our favorite insights from Karen: Don’t miss the forest for the trees. In a world obsessed with the “next big thing,” the fundamentals still win - occasion clarity, distribution strategy, and a clearly defined consumer universe. This is a transparent look at how one strategic investor is thinking about the future of drinks in the U.S. ����🇸 If you’re building in functional beverages, full-size ready-to-drink formats, or adjacent better-for-you categories, this conversation will help you think more clearly about who you take capital from - and why. Listen in 👇 #BusinessOfDrinks #BeverageIndustry #VentureCapital #FunctionalBeverages #CPG #DrinkEntrepreneurs #WellnessTrends #BetterForYou #BeverageStartups Erica Duecy Scott Rosenbaum

Introducing the team behind my first venture fund ⬇️ But before naming names, a quick bit about the journey. As an outsider to the world of VC / PE it took an absurd amount of work to get Paperboy Fund I off the ground. +200 investors pitched. 41 ultimately joined as LPs. And that group is as eclectic as it gets in a professional fund: Family members. Multiple ex-bosses. CEOs and operators of top CPG brands. GPs of leading CPG investment groups. Childhood friends. Paperboy subscribers. The guy that married my wife and I. It legitimately took my full life's network to make this a reality. But we're here now, and the future is bright. How can it not be with this crew involved? --- *Venture Advisors* Katie Cirulli | Gruns Chris Hunt | Red Bull Bridget McCarthy Lasda | Poppi Jaime Cacharron | Red Bull Daniel Faierman | Habitat Partners Sivan Gompers | Squared Circles *Founding LPs* Jeff Cantalupo | Listen Ventures Chris Protasewich | Cutting Horse Ventures Michael LaVitola | Foxtrot Brendan Cawley | Righteous Felon Karen Xiang| Btomorrow Ventures Natan Bershtel | Pelagic Nikolas Pearmine | Black Swan Data Jim Cummings | Pelorus Jessica Perri | Instacart Nick Keswani | Numerator Craig Richardson | Yipit Data Mike Chiasson | Keen Systems Julian Corash | Toups David Winter | Hoodie Analytics Mark Ponsiglione | The Beverage Works Ashmer Aslam | Gravity Jordan Tepper | Apologue Brett Stern | Gazelle Ship Larry Turner | The Hollywood Diet Matt Snyder | One 11 Brands Jake Duneier | Eight Brewing Ryan Schwartz | CPG Angel + more in comments (maxed out mentions) --- We're actively investing in early stage CPGs sub-$10M in net sales. Reach out if you are building something special in the space! ✌️ #cpg #venture #vc #startups #paperboy

Congratulations are in order for HOPWTR, who have been acquired by Constellation Brands. It's been wonderful for the Btomorrow Ventures and The Water Street Collective teams to partner with Jordan Bass and the HOP team on their incredible journey thus far. Karen Xiang

We’re delighted to see our Managing Partner, Annie Goman, recognised in the #GCVPowerList2026 👏 This recognition reflects Annie’s leadership and the continued impact of the BTV team. A well-deserved recognition – congratulations, Annie. You can read more about Annie’s inclusion here: https://lnkd.in/eDj7daWv #GCV #GCVPowerlist2026 #CorporateVenturing #BtomorrowVentures #ABetterTomorrow

We’re proud to share that our Managing Director, Annie Goman, has been named Most Influential Corporate Venture Capital Businesswoman (UK) in Acquisition International Magazine's Influential Businesswoman Awards 2026. 🎉 This recognition is a testament to Annie’s leadership, vision and the impact she continues to make across the corporate venturing ecosystem. From backing ambitious founders to helping shape the future of consumer innovation, Annie embodies what Btomorrow Ventures stands for. We’re incredibly proud to have Annie leading our team. More of our award recognitions can be found here: https://lnkd.in/ezWxXiTt #BtomorrowVentures #CorporateVenturing #Leadership #Awards #ABetterTomorrow

🚨 Announcing our new VC member, Btomorrow Ventures. Btomorrow Ventures is a strategic venture investor backing founders building across consumer, technology and sustainability, investing from Series A and beyond. It combines venture investing with real strategic access, giving founders support beyond capital through insight, partnerships and help with scaling. We always love hearing why our partners join us so we sat down with Karen Xiang, who leads investments at Btomorrow Ventures to discuss building investment platforms today, and how they see the ecosystem evolving. 👉 https://lnkd.in/gQZraaVg