Remedy Drinks, an Australian-based food and beverage company, has announced the successful closure of its Series B funding round. The round was led by L Catterton, an investment management company based in Connecticut, USA, with participation from Kin Group USA, an investment management company based in New York.

The investment will accelerate product development and expand the company’s reach into new markets. 

Remedy Drinks is a health and wellness brand that provides functional beverages that help people stay energized throughout the day. Their line of products includes herbal teas, sparkling waters, energy drinks, and organic vegetable juices, all made with natural ingredients. The company was founded in 2012 by Sarah and Emmet Condon and has quickly become one of the leading players in the health drink space.

“We are thrilled to have closed our Series B funding round with such an impressive group of investors,” said Sarah. “This capital allows us to accelerate our growth plans as we focus on introducing more innovative products to the market while expanding our distribution network across multiple channels.” 

The additional funding will allow Remedy Drinks to invest further in its research & development efforts while also scaling up production capabilities and increasing its marketing budget for customer acquisition & retention activities.