US
Cold brew manufacturer High Brew, founded in 2013 by Sweet Leaf Tea founder David Smith, announced an additional $20 million round of investments. The round was led by Austin, Tex.-based Charles Street Partners.
In a release, Smith said, “I always knew High Brew was special, not only because it tastes great, but because of the fact it truly provides clean energy in a can that blows away scary energy drinks or sugary coffees that are on the market.”
The coffee is distributed nationally at retail locations including Kroger, Safeway, H-E-B, and Whole Foods and sold 24 million cans in 2017. This is the third round of outside funds. High Brew raised $17 million last year from BIGR Ventures in Boulder, Colo. and in 2016 received $4 million in early-stage financing from CANVU Venture partners.