Tech Company Financing Transactions
Remedy Drinks Funding Round
Remedy Drinks, operating out of Melbourne, Victoria, secured investment capital from Kin Group and L Catterton Partners.
Transaction Overview
Company Name
Announced On
2/21/2023
Transaction Type
Venture Equity
Amount
Unknown
Round
Series B
Investors
Kin Group (Lead Investor)
L Catterton Partners (Lead Investor)
Proceeds Purpose
The new capital raised will be focused on global retail growth through new distribution and retail takeaway. Remedy Drinks also announces the appointment of a new Chief Customer Officer, Nathan Schy. As the third largest kombucha brand globally and fastest growing in the U.S. market (272% year-over-year via SPINS), Schy will aggressively build on this momentum with existing and new customers.
Company Information
Company Status
Private & Independent
Industry
FoodTech
Mailing Address
Undisclosed
Melbourne, Victoria, Undisclosed
AU
Melbourne, Victoria, Undisclosed
AU
Phone
Undisclosed
Website
Email Address
Overview
We could tell you that when Sarah and Emmet Condon started Remedy in their kitchen in Melbourne, Australia, they had no idea what lay ahead. But we'd be lying. They had an inkling. It all started with some home-brewed kombucha. Their kids were into it. Their mates were hooked. Family members were dropping by more often for a taste. Meanwhile, supermarket shelves were full of drinks that were either straight-up-unhealthy (oh hello, cola), stuff that was masquerading as healthy but really hiding something (lookin' at YOU, sugar bomb juice box), or for-real-healthy but definitely-not-tasty (nice knowin' ya green juice)�
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Cory Comstock
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