Fermented Sciences, the maker of a leading organic hard kombucha brand, Flying Embers, has closed a $25-million Series B round co-led by the Ecosystem Integrity Fund and PowerPlant Ventures. Additional participating investors include Blueberry Ventures and Monogram Capital Partners. Flying Embers Hard Kombucha is Fermented Sciences’ first “better-for-you” adult beverage line.
The thinking here is Flying Embers brand is positioned to disrupt the $600+ billion global beer market. The new funding will enable the company to accelerate growth, expand its national footprint and meet exponential demand for its hard kombucha, while innovating to create additional better-for-you alcohol beverage lines. It was also announced today that over 70 distributors across 30 states have signed on for distribution deals with the company, firmly establishing the brand across all channels of trade with national and regional retailers.
Flying Embers sprung from Fermented Sciences Inc., a company founded in 2017 by beverage veteran Bill Moses. Prior to Fermented Sciences, Moses was CEO and cofounder of KeVita, the sparkling probiotic beverage which was acquired by PepsiCo in 2016. Flying Embers announced last month the appointment of industry leader and 24-year veteran of Diageo, Ty Gilmore, as president, a new role for the company.
“EIF is excited to help Flying Embers continue to provide more consumers with healthier and more interesting options in the alcoholic beverages category,” said Devin Whatley, managing partner, EIF. “Fermented Sciences is an energetic startup brand that is poised to disrupt the beverage industry in a big way.”
Whipstitch Capital served as the exclusive financial advisor to Fermented Sciences in this transaction.
More on Flying Embers
Founded in Ojai, Calif., Flying Embers is a hand-crafted, organic hard kombucha beverage brand, with an ABV ranging from 4.5 – 7.5 precent. Flying Embers Hard Kombucha is an organic sugar-free and gluten-free beverage, brewed in an adaptogen root blend with live probiotics. Flying Embers’ current line of flavors includes Ancient Berry, Grapefruit Thyme, Lemon Orchard, Pineapple Chili, Ginger & Oak and Black Cherry.