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Cove Kombucha secures CAD 4.5m in funding round September 09, 2021    

Canada-based beverage company Cove Kombucha has secured CAD 4.5 million (approx. $3.6 million) in a funding round to support its expansion nationwide, as well as into the US.

The funding was led by Vancouver-based investment bank Canaccord Genuity. This investment comes two years after Cove Kombucha raised $1.2 million in a seed funding round, also led by Canaccord.

“We are experiencing fast growth and managed to complete another great raise with Canaccord. It was a necessary component for us to continue to scale quickly and wisely,” said Cove Kombucha’s CEO, John MacLellan.

He continued: “This raise will fuel inventory and marketing, as well as allow for new experienced hires. We are excited to continue our Canadian expansion and soon move into the US market.”

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