Founder Fawn Weaver’s Uncle Nearest is on the brink of reaching unicorn status, Fortune reports. As AFROTECH previously mentioned, Weaver leads the Black-owned whiskey company created in 2016 to commemorate Nathan “Nearest” Green, a formerly enslaved man who taught Jack Daniel how to make whiskey. The company has made significant strides in the spirits industry and is currently available in over 30,000 stores, bars, hotels, and restaurants in 12 countries, per Fortune. The company also boasts a 432-acre distillery located in Shelbyville, TN, which attracted 200,000 visitors in 2023, and has expanded to include an estate in Cognac, France, which encompasses “over 100 acres with Charente River frontage and a unique island.” A part of the company’s continued success has been its ability to secure funding from individual support. Weaver previously mentioned to AFROTECH that the company has raised $225 million that way, its total since launching. “I’ve never sent a pitch deck,” Weaver...
Feb 16, 2024
Uncle Nearest CEO and Founder Fawn Weaver will consistently place her trust in the excellence of the premium whiskey brand.
Nov 13, 2023
Black-owned whiskey brand Uncle Nearest made a major move.
Oct 12, 2023
Fawn Weaver may be on a mission to create the blueprint for how to build generational wealth.
Jan 4, 2023
In an effort to diversify the cocktail sector, Hella Cocktail Co. has received $5 million in funding. Hella Cocktail Co.
Jun 14, 2022
Uncle Nearest Premium Whiskey , the fastest-growing and best-selling Black-owned spirit brand in all of U.S. history, has just announced a multi-million dollar initiative to give back to its fellow spirits brands. According to a press release, the award-winning whiskey brand has launched a $50 million venture fund designed specifically to invest in rapidly growing, minority-founded and owned spirit brands. The announcement was deliberately timed to commemorate the 100th anniversary of the destruction done to Black Wall Street in Tulsa, OK. “On June 1, 1921, an entire community of wealthy and successful African Americans was wiped out in a matter of hours. We are talking about 35 square blocks known as Black Wall Street,” Uncle Nearest founder/ CEO Fawn Weaver said in a statement. “As an African American, learning about that history broke my heart because we, as a people, were really onto something in Tulsa, Oklahoma. We were lifting one another up and creating wealth within our own...
Jun 2, 2021
Fawn Weaver is committed. As the first Black woman to lead the world’s first major spirits brand on record to commemorate an African-American, she has dedicated resources to bringing more people of color into the industry. In June, the Jack Daniel’s Distillery and the Nearest Green Distillery announced the Nearest & Jack Advancement Initiative, an accelerated apprenticeship program designed to promote diversity and Black leadership in the American whiskey industry . Weaver is also working with the two Tennessee distilleries to create the Nearest Green School of Distilling, whose STEM-based curriculum is being developed in partnership with Motlow State Community College. Weaver says the diversity problem results from many things, including representation, qualifications, and cultural beliefs. But while other spirits brands tap celebrity ambassadors to generate in-house brand interest, Weaver doesn’t believe that’s the answer to increasing diversity. “That’s not what we need. What we...
Aug 31, 2020
Last week, the Jack Daniel’s Distillery and the Nearest Green Distillery announced the Nearest & Jack Advancement Initiative, a program designed to promote diversity and Black leadership in the American whiskey industry . According to PRNewswire , the joint initiative, between the two Tennessee distilleries, will give $5 million combined toward providing expertise and resources to Blacks entering the spirits industry as entrepreneurs. The money will be allocated to create the Nearest Green School of Distilling, whose STEM-based curriculum is being developed in partnership with Motlow State Community College. In addition, the pledge will offer apprenticeships specifically to African-Americans already in the whiskey industry via the Leadership Acceleration Program (LAP) and establish the Business Incubation Program (BIP), which will provide access to top marketing firms, branding executives, expanded distribution networks, plus other assets and opportunities to grow their spirits...
Jun 15, 2020