Dash Water secures £8.7m in funding
Popular seltzer brand Dash Water has secured £8.7m in its latest round of funding.
It was led by investors Beringea, while new investors included Beavertown, former Manchester United footballer Patrice Evra, Ireland’s rugby captain Johnny Sexton, and David Milner, DASH’s chairman and former CEO of Tyrells.
Co-founder Alex Wright said: “This latest investment gives us the firepower we need to change the way people look at soft drinks for good.
“It’s clear that people want a genuine alternative to the sugary soft drink, one that’s healthy and uncompromising on taste. But until now, there’s been no other option.”
Dash Water is currently available in 10,000 stores globally and has plans to expand to new markets in Europe as well as increasing its presence in Australia.
Beringea investment manager Luke Edis said: “While seltzer is a multibillion-dollar industry in the US, it is a product that has vast potential for growth in the UK and Europe. As the UK’s leading seltzer, Dash is driving the rise of this increasingly valuable category.”