Total amount raised
$73.5 Millions
Latest funding date
12/01/2020
Location
Spindrift has carved a niche in the beverage industry by offering sparkling water and soda made with real squeezed fruit. The company emphasizes its commitment to natural ingredients and high-quality products, setting itself 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. The company emphasizes natural ingredients, quality, and a meticulous production process.
Operating within the beverage industry, Spindrift offers a variety of flavors and is committed to making real ingredients accessible to all. The company promotes a lifestyle of enjoying authentic moments and high-quality beverages.
How Much Funding Has Spindrift Raised?
- Round Name: Non-Equity Assistance
- Date: December 2013
- Lead Investors: -
- Round Name: Venture Round
- Amount Raised: $2M
- Date: May 2014
- Lead Investors: Prolog Ventures
- Round Name: Venture Round
- Amount Raised: $1M
- Date: December 2014
- Lead Investors: -
- Round Name: Venture Round
- Amount Raised: $7.2M
- Date: January 2016
- Lead Investors: -
- Round Name: Series B
- Amount Raised: $10M
- Date: May 2017
- Lead Investors: VMG Partners
- Round Name: Series B
- Amount Raised: $20M
- Date: March 2018
- Lead Investors: VMG Partners
- Round Name: Series C
- Amount Raised: $29.8M
- Date: March 2020
- Lead Investors: -
- Round Name: Venture Round
- Amount Raised: $3.5M
- Date: December 2020
- Lead Investors: -
In total, Spindrift has raised $73.5M.
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 significant market presence.
- 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: Evolve BioSystems, Good Culture, SmartyPants Vitamins.
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