Total amount raised
$73.5 Million
Latest funding date
2020-12-29
Location
Spindrift has carved a niche in the beverage industry with its unique offering of sparkling water made from real squeezed fruit. The company emphasizes natural ingredients and a commitment to quality, setting it apart from competitors.
Keep reading to explore the intricacies of Spindrift's fundraising journey and the investors backing this innovative platform.
What Is Spindrift?
Spindrift is a beverage company that produces sparkling water and soda made with real squeezed fruit. They emphasize natural ingredients, quality, and accessibility, setting them apart in the beverage industry.
The company offers a variety of flavors inspired by classic cocktails and mocktails. Spindrift prides itself on doing things the hard way to ensure the best taste and quality, engaging with their community through social media and a newsletter for special offers and insider information.
How Much Funding Has Spindrift Raised?
- Series Unknown
- Amount Raised: USD 1,995,000
- Date: May 2014
- Lead Investors: Prolog Ventures
- Series Unknown
- Amount Raised: USD 1,000,000
- Date: December 2014
- Series Unknown
- Amount Raised: USD 7,200,000
- Date: January 2016
- Series B
- Amount Raised: USD 10,000,000
- Date: May 2017
- Lead Investors: VMG Partners
- Series B
- Amount Raised: USD 20,000,000
- Date: March 2018
- Lead Investors: VMG Partners
- Series C
- Amount Raised: USD 29,800,000
- Date: March 2020
- Series Unknown
- Amount Raised: USD 3,527,674
- Date: December 2020
In total, Spindrift has raised USD 73,522,674.
Key Investors
- VMG Partners
- Details: VMG Partners is a private equity firm that specializes in partnering with entrepreneurs and managers to support the growth of branded consumer product companies. They have a strong track record of helping companies scale and achieve their full potential.
- Investment Focus Areas: Consumer products, food and beverage, wellness.
- Notable Investments: KIND Snacks, Quest Nutrition, Daily Harvest.
- Prolog Ventures
- Details: Prolog Ventures is a venture capital firm that invests in early-stage companies with a focus on health and wellness. They aim to support innovative solutions that improve quality of life.
- Investment Focus Areas: Health and wellness, food and beverage, consumer products.
- Notable Investments: GoodBelly, SmartyPants Vitamins, Evolve BioSystems.
Use Clay to Get Funding Data
Sales professionals, leverage Clay’s platform to access comprehensive fundraising data on companies like Spindrift and gather other critical business insights.
Sign up for free to start making data-driven decisions and boost your sales strategy.
