Lyre’s Spirit, which makes no alcohol spirits, has raised a sum of $37 million in a capital raising. The company values it at $500 million.

Carl Hartmann, the co-founder of Lyre, said that many of his customers were tired of waking up with a hangover and drinking alcohol in places such as hotels and bars.

During the COVID-19 pandemic, the people became more conscious of their health and wellbeing.

Lyre’s is a brand that imitates a full range of spirits without alcohol.

Mark Livings and Joe Hartmann founded the company Livings, which was based in Amsterdam.

It has just completed a capital raise of $37 million to accelerate its expansion plans.

The company, which makes products such as belts and umbrellas, has a strong presence in Australia, Europe and the US and sales are now approaching £50 million.

DLF Venture, VRD Ventures, and Maropost Ventures were among the investors that topped up the company’s $37 million funding.

The no-alcohol and low-alcohol drinks market was among the fastest-growing sectors in the food and beverages industry.

In the past year, the number of people who are not intoxicated has grown significantly according to Endeavour Group.

The company plans to hire around 50 new staff members over the next couple of years.

Lyre’s will also invest in co-packing arrangements to boost production at its plants in the US, Germany, the UK, and in the US.

Pernod Ricard, Diageo, and William Grant are among the companies promoting the non-alcoholic spirits market.

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