Functional drinks start-up, The Naked Collective, has secured more than £5.3m in a fundraising round to support its global expansion.
Founded in Ireland in late 2019, The Naked Collective offers a range of functional beverages, including non-alcoholic beer.
The Naked Collective’s So.Beer and Mude drinks are already being sold in a number of markets, and the company plans to use the new investment to support its global sales and marketing expansion plans, particularly in the US.
To facilitate its North American ambitions, the company has also confirmed that co-CEO and co-founder, Niall Phelan, will permanently relocate to the US.
Phelan said: “We knew from the outset that there was a market for a brand like ours, but to have that substantiated by investors and industry leaders is another great milestone”.
“Having only launched just over a year ago, and in the face of several challenges (Covid and Brexit), we are immensely proud of how The Naked Collective has fared thus far.
“The rapid growth of the brand and support from investors is yet further proof of the increased consumer demand for serious health and wellness products.”
The Naked Collective co-founder, Catherina Butler, added: “We are already enjoying impressive growth across all our key markets…This is testament to the growing appetite for carbon-neutral, healthy, all-natural drinks like ours”.
© FoodBev Media Ltd 2022
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