Something & Nothing raises $6.4m Series A for marketing and retail growth
Botanical flavors such as yuzu, cucumber, hibiscus and ginger span sparkling water, soda and iced tea.
Something & Nothing raised $6.4 million in Series A equity financing led by Venrex. Rianta Capital, ACF Investors and The Source Ventures, associated with Spadel, participated.
The company will invest in consumer marketing and team expansion, with working capital supporting retail growth and production. Those priorities link demand generation with the inventory needed to supply a larger distribution network.
The brand sells botanical sparkling drinks through its UK and US online stores, retailers and hospitality stockists. The round supports the commercial expansion of that consumer-drinks business.
Use of funds
Consumer marketing
Team expansion
Working capital for retail growth and production