The round was led by VMG Partners, with participation from Prolog Ventures, Karp Reilly, and other existing investors.
The company intends to use the funds to continue expansion into other classes of trade while investing in production infrastructure.
Founded in 2010 by CEO Bill Creelman, Spindrift offers sparkling water made with real, fresh fruit. Flavors include Grapefruit, Blackberry, Cucumber, Lemon, and Raspberry-Lime. All products have no added sweeteners and fruit is picked from family farms and then squeezed within a few days from harvest.
Spindrift retails for $5.99 for an eight pack 12 oz. cans. They are available nationwide at key retailers such as Trader Joe’s, Target, Costco and Panera.
FinSMEs
03/05/2017