Total amount raised
Undisclosed
Latest funding date
02/01/2019
Location
Title
JuneShine has successfully secured funding through multiple rounds, attracting a diverse group of investors. The company is known for its innovative approach to producing alternative alcohol products like hard kombucha.
Keep reading to delve into the details of JuneShine's funding journey and the investors who believe in their mission.
What Is JuneShine?
JuneShine, founded in 2018 in San Diego, California, is known for producing alternative alcohol products like hard kombucha. The company was established by Forrest Dein and Greg Serrao, who aimed to create a healthier alcoholic beverage option. JuneShine has grown significantly and now employs over 100 people, reflecting its rapid expansion and popularity.
How Much Funding Has JuneShine Raised?
- Seed Funding Round
- Amount Raised: Not disclosed
- Date: February 12, 2019
- Lead Investors: RXBAR co-founders, angel investors, private equity partners, and several athletes
- Valuation at Round: Not disclosed
- Motivation Behind the Round: The funding was aimed at acquiring brewing equipment and taking over Ballast Point’s Scripps Ranch facility to expand production capacity and scale up the business.
Total Amount Raised: Not disclosed
Current Valuation: Not publicly disclosed
Key Investors
- Peter Rahal and Jared Smith (RXBAR co-founders)
- Details: Peter Rahal and Jared Smith are the co-founders of RXBAR, a popular protein bar company known for its simple, clean ingredients. They successfully sold RXBAR to Kellogg's for $600 million in 2017.
- Investment Focus Areas: Health and wellness, consumer goods.
- Notable Investments: RXBAR.
- Chris Hollod (Angel Investor)
- Details: Chris Hollod is an angel investor with a focus on early-stage companies. He has a background in venture capital and has been involved in numerous successful startups.
- Investment Focus Areas: Early-stage startups, consumer products.
- Notable Investments: Various early-stage consumer product companies.
- Nick Heldfond (Partner at Kinetic Capital)
- Details: Nick Heldfond is a partner at Kinetic Capital and an early investor in KeVita, a probiotic drink company. He has extensive experience in the beverage industry.
- Investment Focus Areas: Beverage industry, particularly probiotic and health-focused drinks.
- Notable Investments: KeVita probiotic drinks.
- Red Light Management (Artist Management Company)
- Details: Red Light Management is a prominent artist management company representing a diverse roster of musicians and entertainers. They have a strong presence in the entertainment industry.
- Investment Focus Areas: Talent management, entertainment industry.
- Notable Investments: Various artists and entertainment projects.
- Trail Post Ventures (Venture Capital Firm)
- Details: Trail Post Ventures is a venture capital firm that invests in disruptive consumer brands. They focus on companies that are innovating in their respective markets.
- Investment Focus Areas: Venture capital, disruptive consumer brands.
- Notable Investments: Disruptive consumer brands.
What's Next for JuneShine?
JuneShine's acquisition of Ballast Point’s Scripps Ranch facility opens up significant opportunities for expansion. With a production capacity of 100,000 barrels, the company can now increase its distribution across California and into new markets like Seattle and Portland. This growth is bolstered by collaborations with athletes and influencers, enhancing brand visibility.
Future fundraising rounds are likely as JuneShine scales up production and enters new markets. Attracting investors from the beverage and consumer goods sectors will be crucial. However, the company faces challenges such as competition from larger beverage companies and maintaining product quality during rapid expansion.
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