Spindrift Sparkling Water Closes $20 Million
Soft drinks company Spindrift announced the closing of $20 million in Series B-2 funding led by VMG Partners. Additional investors in the round included Prolog Ventures, KarpReilly, RiverPark Ventures, and other existing investors.
According to the company, Spindrift is the first sparkling water made with real, fresh ingredients and triple-filtered sparkling water. All of its products are free from added sweeteners or natural flavors and are made with fruit that is picked from family farms and then squeezed within a few days from harvest. Spindrift is available at grocery retailers and café-style restaurants nationwide, including Trader Joe’s, Whole Foods Market, Starbucks, Panera, Kroger, Target, as well as online at Amazon.com and www.shop.spindriftfresh.com.
The new capital will aid in launching Spindrift’s first national advertising campaign to educate consumers about ingredient difference.