Polar Beer Taps, a Vancouver, BC, Canada-based ice-cold beer company, raised $2.7M in funding.
The round consisted of a $1.1M seed round involving ClimateDoor, angel investors, and its first institutional investor, WUTIF Capital, along with a recent strategic financing of $1.6M from IFR Holdings.
The company intends to use the funds to scale operations to expand into international markets.
Polar Beer Taps provides a patent-pending pouring system that instantly delivers ice-cold beer, wine, and mixed drinks non-stop until the keg is empty.
In conjunction with this partnership, Polar Beer Taps has moved into a new facility, expanding from 750 square feet to over 2,500 square feet, with ample room for future growth. This improved manufacturing and office space is designed to meet increasing production demands while allowing for collaboration with Green Theory.
FinSMEs