Infuzed Brands, a CBD sparking water startup, has secured $8.6 million in funding. The investor was a private family office.
Los Angeles, CA, May 21, 2020 – CBD sparkling water Startup Infuzed Brands has raised $8.6 Million USD in Reg A+ funding from a strategic investment partner, it announced today. The investment comes from a private family office with international real estate holdings and vast experience with consumer packaged goods.
“This is a huge vote of confidence in our company from some very ‘smart money’ looking to align itself with one of the most promising CBD beverage brands on the market,” said Jigme Love, President of Infuzed Brands. “Our mass-market appeal and growing cult following within the burgeoning CBD space is very attractive to investors and this sizeable investment validates that.”
“Having this strong partner in the CPG space opens doors for joint ventures, a massive and accelerated increase in distribution, and more vertical integration for Infuzed Brands,” said Ms. Love.
Infuzed Brands launched its hero product “Infuzed THIRST” sparkling water in July 2019. It currently has 4 regional distribution agreements and has quickly grown to 200 retail locations in addition to its online platform on www.infuzedbrands.com.
The strategic investment comes through a recently-launched Reg A+ funding round. This new funding round follows a successful Reg D round wherein the company raised approximately $2M privately among a group of private, accredited investors. The Reg A+ offering is open to the general public and not just accredited investors.
“The general public has the opportunity to get in on the same price and terms as our $8.6M strategic investor, which is generally unheard of,” said Ms. Love.
The SEC-approved crowd fund raising is taking place online at www.investinfuzed.com. Proceeds from Infuzed Brands’ Reg A+ funding round will be put towards marketing, investments, sales, strategic supply chain partnerships, and securing additional distribution channels.
The hemp-derived CBD market is still in its infancy and is expected to grow to over $22B by 2022, according to Brightfield Group, and Business Insider expects the US market for CBD beverages to reach $600M by 2022.
About Infuzed Brands
Infuzed Brands is a CBD-infused beverage company that is committed to health and wellness, the way nature intended. The company’s entire line of functional health beverages contain zero sugar, zero calories, all natural flavors, and CBD – the non-psychoactive ingredient from the hemp plant, which is being widely used and researched for its many healing properties.
Learn more about Infuzed Brands at www.infuzedbrands.com and at www.investinfuzed.com