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Cove Soda raises $15 million USD in a Series A round led by Vanterra Ventures to expand distribution of its functional sodas.

PRIVATENov 04, 2025

Amount Raised

$15 Million

Round Type

Series A

HalifaxManufacturingFood and BeverageFood Processing

Investors

The ChainsmokersThe Palm Tree CrewSimple Food VenturesDiploMiles TellerRiverpark VenturesJack EichelJd MartinezMatt ChapmanAaron EkbladMichael RubinDan LourencoVanterra Ventures

Description

Cove Soda has closed a $15 million USD Series A round led by Vanterra Ventures. This funding will support the company's growth across North America and the introduction of new flavors. The investment round included several notable investors. Cove has seen impressive growth since launching its zero-sugar probiotic sodas in 2023.

Quick answer

Cove Soda raised $15 Million in a Series A round, dated November 4, 2025. Investors: The Chainsmokers, The Palm Tree Crew, Simple Food Ventures, Diplo, Miles Teller, Riverpark Ventures, Jack Eichel and Jd Martinez. Cove Soda is based in Halifax, Nova Scotia, Canada.

How much did Cove Soda raise?
Cove Soda raised $15 Million in a Series A round on November 4, 2025.
Who invested in Cove Soda?
The Chainsmokers, The Palm Tree Crew, Simple Food Ventures, Diplo, Miles Teller, Riverpark Ventures, Jack Eichel and Jd Martinez are named as investors in this round.
What does Cove Soda do?
Cove Soda is a Canada-based functional carbonated soft drink brand that offers zero-sugar probiotic sodas.
Where is Cove Soda based and how big is it?
Cove Soda is based in Halifax, Nova Scotia, Canada. Fundz records about 31 employees.
Who are the decision-makers at Cove Soda?
Fundz holds 2 contacts at Cove Soda. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Food and Beverage and Food Processing around the same time

Companies in the same sectors as Cove Soda that raised within 45 days of this round, from Fundz verified event records.

  • Founteyn raised $20M (Series A) on December 17, 2025.
  • PURESPACE raised $4.1M (Series A) on December 16, 2025.
  • MEQ Solutions raised $15M (Series A) on December 15, 2025.
  • Ace International raised $35M (Funding Round) on November 27, 2025.
  • DDC Enterprises raised $124M on October 8, 2025.
  • Savor raised $33M (Funding Round) on October 8, 2025.

Who to call at Cove Soda, and when

A new round usually means Cove Soda is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Cove Soda raises, hires an executive or expands, scored against what you sell
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Company Information

Company

Cove Soda

Location

Halifax, Nova Scotia, Canada

About

Cove Soda is a Canada-based functional carbonated soft drink brand that offers zero-sugar probiotic sodas. Founded by brothers John and Ryan MacLellan, the company aims to create healthier beverage options reminiscent of nostalgic flavors. Since its launch in 2023, Cove has rapidly expanded its presence across North America. The company's innovative approach has positioned it as a leader in the growing functional beverage market.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Cove Soda raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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