Remedy Drinks Closes Series B Funding Round, Appoints New C-Suite Leader as Chief Customer Officer

Remedy Drinks, maker of shelf-stable, no-sugar, better-for-you beverages announces the closing of a Series B funding round from its existing lead investors L Catterton and Kin Group. The new capital raised will be focused on global retail growth through new distribution and retail takeaway. Remedy Drinks has also announced the appointment of a new Chief Customer Officer Nathan Schy. As the third largest kombucha brand globally and fastest growing in the US market (272 percent year-over-year via SPINS), Schy will aggressively build on this momentum with existing and new customers.

“This funding round from our partners at L Catterton and Kin Group will allow us to continue to fuel our global retail expansion with Nathan Schy at the helm. We are emerging quickly in the U.S. market and disrupting the functional beverage category with our zero sugar and shelf-stable positioning,” said Jamie Schwartz, Chief Operating Officer at Remedy Drinks.

Remedy Drinks is the No. 1 market share leader in Australia where the brand was founded in 2012, and since embarking on its global expansion plan has rapidly scaled to become the No. 1 brand in the U.K., No. 3 brand in Canada (and fastest growing), and fastest-growing Kombucha brand in the US, both at retail and online.

The L Catterton and Kin Group investment further accelerates the company’s growth, especially in the US where it is expecting to quickly surpass 10,000 retail doors. The company’s distribution footprint is rapidly expanding, driven by existing retail partners Walmart, Costco, Kroger, Target, and Albertsons. The brand is also making significant headway in the Natural and premium grocery spaces, with multiple marquee customers including Wegmans, The Fresh Market, and Fresh Thyme set to launch this year.

With the appointment of Nathan Schy as Chief Customer Officer, Schy joins the company with two decades of CPG experience, most recently, at KIND Snacks, where he was Senior Vice President of Sales Strategy and Growth. In this role, Schy was responsible for developing KIND’s go-to-market strategies that helped drive growth across all channels through KIND’s acquisition by Mars. Prior to KIND Schy worked at Hershey, Campbells and Danone. Schy will lead rapid expansion across all trade channels and oversee the company’s demand generation efforts.

“The kombucha and functional beverage category is very exciting right now and Remedy Drinks is delivering on consumer preferences and unmet needs of the category,” said Schy. “We have a price accessible portfolio that is disrupting the space. I’m looking forward to driving expansion with our retail partners and consumers in 2023.”

To learn more and find Remedy Drinks in a store near you, visit Remedy Brands. Interested retailers, visit Remedy Brands.