UK-based sparkling water brand Dash Water has raised £1.6 million in a Series A funding round, and the company has added three new executives to aid its expansion efforts.
The funding round included investments from existing and new investors including Brad Berman, a former director of US water brand Fiji Water; Nick Duke-Ambridge, general manager of Seedlip; and William Watkins, founder of Radnor Hills Water Manufacturing.
Dash Water was founded in 2017, and produces a range of sparkling water products which utilise surplus fruit and vegetables that would usually go to waste to create sugar- and calorie-free soft drinks.
The brand has secured over 5,000 retail listings in the last few years, and according to a statement from Dash Water, the funding will help the brand continue its expansion efforts in international markets and the on-trade.
Part of the funding has also been used to hire three new executives to aid these expansion efforts. Alex Angel, previously at Danone, has been appointed as a sales manager, Roxane Wephre, previously at Lillie’s Kitchen, will act as head of international, while Tom Mcalpine, previously at Grant Thorton, will hold the role of head of finance.
Alex Wright, co-founder of Dash Water says, “We’re extremely excited to take the business to the next level. It’s clear that consumers are crying out for more natural unsweetened beverages and we believe Dash Water is the perfect product to shake up the UK’s £15.2bn soft drinks category.
“The money raised will enable us to expand further across the EU. Dash is currently supplied to 12 international markets including supermarkets in Belgium and Holland with further listings in France, Norway, Singapore and we see plenty of demand for further expansion.
“In 2020 we’re also excited to grow our DASH range with the launch of some new products that will see us expanding into the on-trade market. Watch this space!”
© FoodBev Media Ltd 2020