logo
logo

Cirkul, One Of The Fastest Growing Cpg Companies In The U.S., Announces A $70Mm Fundraise Led By Sc Holdings Valuing The Company At $1B

Jun 13, 2022•about 3 years ago

Amount Raised

$70 Million

Tampa

Description

Cirkul, a beverage platform known for its patented flavor cartridges, is announcing a Series C of $70MM at a pre-money valuation of $1 billion today, led by SC Holdings. Launched in 2018, Cirkul’s beverage platform features a hyper-personalized product with 50+ unique flavors through a single reusable water bottle. Cirkul’s proprietary, form-factor innovation is taking the beverage industry into the future with a product that centers on personalization and health, prioritizes environmental impact, is digitally native, and leverages re-shored US-based manufacturing. The company has been growing at over 150% per year since its launch in 2018 and has been profitable for the last two years.

Company Information

Company

Cirkul

Location

Tampa, Florida, United States

About

Cirkul is a beverage platform on a mission to help people drink more water. Cirkul allows consumers to flavor their water sip-by-sip using a dial to control the flavor intensity. Available in over 50 flavors, Cirkul’s beverages use all-natural flavoring, no added colors or dyes, and contain zero calories or sugar. With 84% less plastic use, 96% less carbon emissions from shipping than single-use, disposable beverage bottles, and an average of six bottle refills per cartridge, Cirkul is also helping people reduce their plastic footprint and impact on the environment while giving them a simple and convenient way to stay hydrated.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech