Refreshment focuses on the water dispenser/cooler, office coffee service and vending sectors, while also taking an in-depth look into products for vending from bottled water and drinks, to snacks and confectionery. It also focuses on hydration, health and wellness, new technologies and environmental and social responsibility issues.
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Research
Coffee & tea
Funding
Blank Street in early talks to raise over $100m – FT reports
Café chain Blank Street is in early-stage discussions to raise more than $100 million in fresh funding as it looks to accelerate expansion, according to the Financial Times.
Coca-Cola system to invest $1bn in South Africa by 2030
The Coca-Cola system in South Africa plans to invest ZAR 17.6 billion (approx. $1 billion) in the country by 2030.
Chobani to invest $567m in US expansion of La Colombe RTD coffee facility
Chobani is investing $567 million to expand its La Colombe ready-to-drink (RTD) coffee facility in Norton Shores, Michigan, as demand for RTD lattes continues to grow.
Foreverland raises €6m to expand cocoa-free chocolate internationally
Italian food-tech start-up Foreverland has raised €6 million in funding to support the international expansion of its cocoa-free chocolate alternative, Choruba.
Aqua Theon raises $13m seed round to expand marine plant-based beverage OoMee
Aqua Theon has secured a $13 million seed funding round, including $5 million directly invested into its marine plant-based drink brand, OoMee.
Just Ice Tea raises $9m Series B to support retail expansion and new flavours
Just Ice Tea has raised $9 million in Series B financing to accelerate national retail growth and product innovation, including the launch of Watermelon Lime White Tea and Peach White Tea.
GrubMarket secures $50m Series H investment
GrubMarket, an AI technology and digital platform company in the US food supply chain field, has raised approximately $50 million in Series H financing, valuing the company at a pre-money valuation of $4.5 billion.
TrueStart Coffee secures Series A investment led by JamJar
UK coffee brand TrueStart Coffee has secured a Series A investment led by JamJar Investments, the consumer-focused investment firm behind Innocent Drinks.
Re:Water invests £2m in Herefordshire site to scale aluminium bottled water production
Re:Water is investing £2 million in a new production facility in Herefordshire as it looks to scale output and support growing grocery, retail and hospitality demand for plastic alternatives.
ChariTea expands Waitrose distribution as foundation funding reaches £11m
ChariTea has expanded its UK retail presence with a nationwide listing in Waitrose, as the Lemonaid & ChariTea Foundation reports it has raised £11 million for social projects.
Athlete investors back Waiākea as latest round raises $11m
A company spokesperson told Refreshment that the latest round raised $11 million in total, with McMillan, Williams and Grant contributing alongside other investors. Individual investment amounts were not disclosed.
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