An affiliate of HighPost Capital, a West Palm Beach investment firm that boasts Mark Bezos as a founding partner, is the investor behind Wild Common's $5 million funding round.
Headquartered in Jackson Hole, Wyoming, Wild Common is the maker of agave spirits like tequila and mezcal. The company distills its products in Mexico's Jalisco Valley.
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HighPost Capital made the contribution through HIPstr, its early-stage investment arm. In a statement, founder, chairman and CEO David Moross said there is strong demand for agave-based spirits.
"The tequila and broader agave-based market continue to grow at a strong clip, and I am a firm believer in the business [Wild Common founder] Andy Bardon and his team have built," he added.
Founding Partner Bezos is the half-brother of billionaire Jeff Bezos. The Amazon founder recently relocated to South Florida from Seattle.
HIPstr's other portfolio companies include creative technology and innovation agency Closer; ready-to-drink vodka soda Sprinter; home contracting platform EverFence, and RAD, an athletic footwear company.
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Alcohol drinkers can't get enough of tequila, according to Allied Market Research. The firm reports tequila sales are expected to generate nearly $25 billion by 2031, up from $12.9 billion in 2021.
"We are excited to partner with HIPstr, whose team has a proven track record of building leading consumer businesses as we enter our next phase of growth," said Wild Common CEO Bardon.
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