Bevpax selected for Newchip accelerator program

Bevpax Corp, a Delaware-based branded and private label beverage manufacturer, has taken a large step toward expanding its business. The company was selected to join the Global Series A accelerator program by Newchip, a global startup accelerator.

The online accelerator provides the mentorship, connections and tools growth-stage companies need to “drive greater scale, expand business operations and position their company for potential exit or acquisition.” Bevpax focuses on developing functional and healthy beverage options and was accepted out of over 1,000 applicants into Newchip's global accelerator program.

"When evaluating companies for our Series A Accelerator, we look for scalability, strong performance, and a high likelihood for industry disruption," said Armando Vera Carvajal, VP at Newchip. "We see great potential in Bevpax Corp and are excited to share their story with our network of VCs, angel investors, and family offices looking to invest in this space."

Since it was developed in 2019, the equity-free, fully digital accelerator has helped over 1,500 founders from 50 countries raise over $450 million in funding with an estimated portfolio of over $9 billion.

"Being part of the Newchip Accelerator, we are looking forward to expanding our business platform Internationally and launching newly developed functional beverages," said Tim Xenos, founder and president of Bevpax. "Our ambition is to continue to innovate our product offerings and give consumers an alternative to mainstream beverages.”