Flow Water has closed on $72 million (CAD$90M) in funding for a US and Canadian expansion as the carton-packaged alkaline spring water prepares to IPO on the Toronto Stock Exchange.
VMG Partners, the private equity firm behind Humm Kombucha and Spindrift sparkling water, has closed an $850M fund to help grow early and late-stage consumer brands. The firm says it has $2.6B in assets under management now.
Plant-based functional beverage brand Mude has signed a deal with Acosta to broker its drinks in the US and Canada. The start-up was founded in Ireland and has signed distribution deals in UK and Italy as well.
Cloud Water, the maker of sparkling CBD and immunity waters, closed a $2.7 million funding round from investors including NY Rangers star Adam Fox, Actor and Producer Liev Schrieber, and former Glaceau board member Bruce Nierenberg.
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