Whistler Water Inc, a Burnaby, British Columbia-based maker and supplier of premium glacial water, has received an undisclosed investment. The investment was led by ZhenFund, a Beijing-based seed fund established in 2011 in collaboration with Sequoia Capital China. The other investors were not disclosed. Whistler said the deal was made official during Prime Minister Justin Trudeau‘s recent visit to China for the G20 meeting. It is intended to support the promotion, marketing and selling of Whistler branded products in China and other overseas markets.
Whistler Water Inc. Receives Direct Investment from Prominent Chinese Investor Group
Canada’s Premium Glacial Water, Whistler Water, driving international expansion
BURNABY, BC, Sept. 8, 2016 /CNW/ – On the occasion of Canadian Prime Minister Justin Trudeau’s visit to China for the G20 meeting, Whistler Water Inc. signed a substantial investment agreement to promote, market and sell Whistler Water branded products in China and other overseas markets.
The business relationship was officially established in Shanghai on Thursday, September 1st, 2016 at a signing ceremony attended by the Rt. Hon. Justin Trudeau, Prime Minister of Canada, and the Hon. Chrystia Freeland, Canada’s Minister of International Trade.
The investors are led by Zhen Partners Fund IV, L.P. (ZhenFund), a prominent investor in China’s business community known to have invested in hundreds of business technology ventures in the country. This is the first time ZhenFund has ventured outside of China to make an investment in traditional manufacturing.
“Chinese people would love to enjoy the quality of life that Canadians take for granted,” said Bob Xu, ZhenFund’s founding President, who signed the agreement on behalf of the investors. “Perhaps one of the best ways for them to do it is to drink Canadian water, like Whistler Water.”
Drinking water quality is a major concern in China, where media reports have suggested that up to 80 per cent of the underground water is polluted or at serious risk of becoming contaminated.
“Our Canadian glacial spring water is especially suited for China,” said Herbert Q. He, President of Whistler Water Inc. “Our soft and pure water stands in striking contrast to the hard water that most urban residents in China have to live with on a daily basis. With investment and other help from ZhenFund, we are now positioned to bring more of our products to Chinese consumers and create more jobs for Canadians.”
About Whistler Water Inc.:
Whistler Water is a leading manufacturer and supplier of premium glacial water in Canada and worldwide. Our operation is based in the city of Burnaby located on the west coast of British Columbia, Canada. Customers choose Whistler Water above other brands for its taste, purity and superior quality.
For further information: Bruce Gemmell, Chief Operating Officer, +1 604 606 1903, email@example.com
Photo courtesy of Whistler Water Inc