Fermented Sciences, the maker of hard kombucha brand Flying Embers, has closed a $25 million Series B funding round.
The funding was led by Ecosystem Integrity Fund and PowerPlant Ventures with participation from Blueberry Ventures and Monogram Capital Partners.
The investment will help the company to accelerate growth, expand its footprint in the US and innovate to create additional alcoholic beverage lines.
Flying Embers’ kombucha drinks have an ABV ranging from 4.5% to 7.5% and flavours include: ancient berry, grapefruit thyme, lemon orchard, pineapple chili, ginger and oak, and black cherry.
The sugar- and gluten-free beverages are brewed in an adaptogen root blend with live probiotics.
Fermented Sciences was founded in 2017 by Bill Moses, the co-founder of sparkling beverage company KeVita, which was acquired by PepsiCo in 2016.
“We are thrilled to be working closely with PowerPlant and EIF to help us grow and meet demand,” said Moses. “The capital will fuel our innovation as we continue to position Fermented Sciences as the leader in better-for-you alcohol offerings.”
Devin Whatley, managing partner, EIF, added: “EIF is excited to help Flying Embers continue to provide more consumers with healthier and more interesting options in the alcoholic beverages category.
“Fermented Sciences is an energetic start-up brand that is poised to disrupt the beverage industry in a big way.”
Fermented Sciences has also announced that more than 70 distributors across 30 US states have signed on for distribution deals with Flying Embers.
© FoodBev Media Ltd 2019