Spirit-based beverage brand Good Sunday closes $1m Series A

Toronto-based Good Sunday, a spirit-based beverage brand, has closed a $1 million Series A financing and expanded its credit facilities.

Toronto-based Good Sunday, a spirit-based beverage brand, has closed a $1 million Series A financing and expanded its credit facilities. The Series A round was led by Angelo Catenaro, founder of Vecture. Good Sunday will use the proceeds to launch its Lemon Vodka Soda and Watermelon Lime Vodka Soda products in California.

PRESS RELEASE

TORONTO–(BUSINESS WIRE)–Good Sunday is excited to announce the closing of a $1 Million Series A Funding round and a U.S. distribution agreement with Southern Glazer’s Wine & Spirits (Southern Glazer’s)—the world’s preeminent distributor of beverage alcohol. Under the agreement, Southern Glazer’s will distribute Good Sunday’s premium line of vodka sodas, with an initial launch in California in early 2022.

Good Sunday was founded in 2019 by childhood friends Christian Karayannides and Dylan Corson. With a lack of healthier options in the market, the two founders set out to craft a high-quality “better for you” canned cocktail using real ingredients and real sprits instead of malt-based alcohol, commonly found in hard seltzers.

“Most hard seltzers contain malt-based alcohol and synthetic flavors and you can really taste it,” said Founding Partner Christian Karayannides. “We wanted a clean beverage with real vodka, real juice, low sugar, and low calories,” added Founding Partner Dylan Corson (Dylan’s father is ex. NHL All-Star Shayne Corson and an investor in Good Sunday). “Good Sunday appeals to consumers that care about what they drink; they’re looking for a higher quality beverage and we deliver on that” said Partner and Director Chris Noll.

In early 2022, Good Sunday will launch its Lemon Vodka Soda and its Watermelon Lime Vodka Soda (4.5% ABV) throughout the State of California. To support the launch, Good Sunday recently completed a $1 Million Series A Funding round in addition to expanded credit facilities with its bank partners.

“This capital will support our expansion plans starting with California, the largest market in the United States and the world’s fifth largest economy,” said Partner and Director Justin Dumitrescu.

Good Sunday is proud to welcome a dynamic group of new investors to the Company including lead investor Angelo Catenaro. Angelo founded and built up Vecture Inc. into one of Canada’s leading suppliers of mission critical battery management systems with over 100 employees. In 2016, Vecture was acquired by German conglomerate Eberspaecher, a company that generates $5 billion in annual revenue.

About Good Sunday
Founded in 2019 by childhood friends Christian and Dylan, Good Sunday is one of the fastest growing spirit-based beverage brands. A ‘better for you’ option, Good Sunday is gluten free and contains 95 calories and 1g of sugar (per 12oz/355ml can). For more information about Good Sunday, please visit www.drinkgoodsunday.com and follow @drinkgoodsunday on Instagram, Facebook, and Twitter.