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Reed’s Announces $6.0 Million Strategic Investment and Partnership with D&D Source of Life Holding LTD

Sep 16, 2024

Contract Type

partnership

NorwalkOtherManufacturingFood and BeverageFood And BeverageHospitalityRetailFood Processing

Description

Reed’s, Inc. announced the closing of a $6 million private investment in public equity, with $4.1 million converting from previously funded SAFEs, and $1.9 million funded by the lead investor and the Company’s largest stockholder, D&D Source of Life Holding LTD.

Company Information

Company

Reed’s

Location

Norwalk, Connecticut, United States

About

Reed’s is an innovative company and category leader that provides the world with high quality, premium and better-for-you beverages. Established in 1989, Reed's is a leader in craft beverages under the Reed’s®, Virgil’s® and Flying Cauldron® brand names. The Company’s beverages are now sold in over 32,000 stores nationwide.

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Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies

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