DASH has secured £8.7 million in Series A funding to expand its operations and capitalize on the growing seltzer market, driven by consumer demand for healthier beverage options.

Information on the Target

DASH is a prominent seltzer company that specializes in producing zero-sugar, zero-calorie beverages infused with unique and unconventional fruit. Recently, DASH has successfully completed a Series A funding round amounting to £8.7 million, which is intended to fuel its growth both in Europe and Australia. The brand currently holds a significant market presence, commanding a 39% share of the UK's seltzer market and boasting a product range listed in over 10,000 stores worldwide, including major retailers like Tesco, Sainsbury’s, and Starbucks.

With a strong emphasis on sustainability, DASH operates as a certified B Corporation. The company is committed to using 'wonky' fruits and vegetables, which not only reduces food waste but also provides consumers with healthy and flavorful alternatives to traditional sugary soft drinks. This innovative approach has resonated with a diverse customer base, contributing to DASH's rapid growth and popularity.

Industry Overview in the UK

The seltzer market in the UK is experiencing unprecedented growth, forecasted to exceed £290 million in the coming years. As consumers increasingly gravitate towards healthier beverage options, the demand for

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ProVen VCTs

invested in

DASH

in 2023

in a Series A deal

Disclosed details

Transaction Size: $11M

Equity Value: $11M

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