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
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.
New California-based bottled water brand launches amid industry safety concerns
A new bottled water brand, Loonen, launched this week in select California retailers and on Amazon, following a $6 million funding round led by Brand Foundry Ventures.
Lucky Energy secures $25m in oversubscribed Series B round to fund nationwide expansion
Lucky Energy has closed an oversubscribed $25 million Series B funding round led by Paine Schwartz Partners, with participation from North Fifth Services, LLC, Sequel and Joyance Partners, alongside existing investors.
Trip valued at $300m following latest $40m investment round
Functional beverage brand Trip has reached a $300 million valuation after securing $40 million in new funding from a roster of celebrity investors and growth-stage capital partners.
Primo Brands breaks ground on new Mountain Valley Spring Water facility in Arkansas
Primo Brands Corporation has broken ground on a new production facility in Hot Springs, Arkansas, to expand capacity for its premium bottled water brand, The Mountain Valley.
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