Fermented Sciences, a Ventura, CA-based maker of an organic hard kombucha brand, called Flying Embers, closed a $25m Series B funding round.
The round was co-led by the Ecosystem Integrity Fund and PowerPlant Ventures with participation from Blueberry Ventures and Monogram Capital Partners.
The company intends to use the funds to accelerate growth, expand its national presence and meet demand for its hard kombucha, and create additional alcohol beverage lines.
Founded in 2017 by Bill Moses, co-founder & former CEO of KeVita, which sold to PepsiCo in December of 2016, Flying Embers offers Hard Kombucha, a low-calorie, gluten-free, vegan beverage from 4.5% to 7.5% alcohol by volume (ABV), coming in 6 flavors including; berry, lemon, ginger, pineapple, cherry & grapefruit, all USDA certified organic with zero grams of sugar & carbs.
Over 70 distributors across 30 states have signed on for distribution deals with the company.
FinSMEs
22/11/2019