Path, a Silicon Valley, CA-based sustainable bottled water brand in the United States, raised $30M in Series A funding.
The round was led by Altos Ventures with participation from Blue Investment Group, HartBeat Ventures, Kevin Hart’s venture fund, Ryan Seacrest, Guy Fieri, and Ninja.
The company intends to use the funds to accelerate expansion across the country and globally.
Led by CEO Shadi Bakour, Path provides refillable, recyclable bottled water in a durable aluminum bottle. It is available in three varieties, including:
- PATH Still, filled with ultra-purified water through a 7-step reverse osmosis process and enhanced with electrolytes for a pH-balanced beverage,
- PATH Sparkling, delicately carbonated, offering effervescence for any occasion, and
- PATH Alkaline, which includes specialty electrolytes with a final pH of 9.5+.
As part of the Series A funding, the company has recently announced distribution deals with major retailers including CVS, Costco Business Centers, 7/11, and Walmart. Top retail partners of Path include Whole Foods Market, Sprouts, Rite Aid, Circle K, Wegmans, and more. It is available in over 50,000 retailers nationwide, on Amazon, and at www.drinkpath.com.
FinSMEs
30/09/2022