©Hint
US brand Hint has raised $25 million in a Series D funding round led by Springboard Growth Capital (SGC), an investment partnership focused on women-led growth-stage companies.
Hint offers a range of fruit-flavoured waters, with no added sugar or diet sweeteners, in still, sparkling and caffeinated varieties.
The San Francisco-based brand says that its offerings are available in over 30,000 brick-and-mortar stores across the US.
Other participants in Hint’s latest financing round included hedge fund manager Philippe Laffont, Linnea Roberts’ Gingerbread Capital, and Emiliano Román’s Medina Heights Capital Partners.
Hint says that its water has witnessed retail sales growth exceeding 80% in the past 52-week period and that the new capital will be used to continue its expansion, online and in retail.
“With Hint, we’ve found a brand that has successfully challenged the status quo to create a dynamic beverage category for the increasingly health-conscious consumer,” said Amy Wildstein, co-founder and managing partner of SGC.
“Hint’s strong platform of both online and retail distribution has proven to be a tremendous asset – especially in the current environment – and my partners and I are pleased to continue to support the brand, Kara, and her team through Hint’s next phase of growth.”
Kara Goldin, founder and CEO of Hint, added: “I’m so proud to have SGC, Philippe, Linnea and Emiliano on our dream team of investors, which includes Verlinvest, John Legend, Roc Nation, and Broadway Angels, as well as many of Hint’s earliest fans, employees, and bottlers.”
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