"AF Drinks has an exciting value proposition and great line of products in the emerging ready-to-drink non-alcoholic beverage category," said Brandon Yahn, Convivialité Ventures partner. Financial terms of the deal have not been disclosed. It is the second investment from Pernod's Convivialité Ventures arm in the past month, following the company's acquisition of a minority stake in spirits distribution system EcoSpirits in May. AF is not the only alcohol-free brand to receive backing from Pernod Ricard.