RTD tea maker The Ryl Company raises more funding

The Ryl Company, the shaper of ready-to-drink iced tea, has secured $20m successful caller funding.

The New Jersey-based institution raised the superior done a Series C equity round, led by concern steadfast Purchase Capital.

In a statement, the group, which produces RTD beverage marque Ryl Tea, said the superior volition enactment its “next signifier of growth”.

This volition see enlargement successful retail and nonstop store transportation (DSD), arsenic good arsenic increasing the group's “innovation pipeline", and investing successful operational, sales, and marque teams, it added.

Nicholas J. Singer, the laminitis and managing spouse of Purchase Capital, said: “Modern Tea is 1 of the astir compelling categories successful the beverage industry, and Ryl is exceptionally good positioned to pb it."

The latest rise follows a Series B backing circular past year, wherever The Ryl Co. raised $15m to enactment nationwide enlargement for its Ryl Tea brand. At that point, it brought its full sum raised to day to $30m.

In April, the concern besides secured a liscensing tie-up with The Hershey Company to motorboat a scope of sugar-free Jolly Rancher-flavoured Ryl iced teas.

Commenting connected the fundraise, Leigh Feuerstein, the co-chairman of The Ryl Company, said: "The enactment our squad has done to gain the spot of retailers, physique retired our DSD network, and spouse with companies similar The Hershey Company has positioned america good for the adjacent signifier of growth. We person a meaningful innovation pipeline coming successful Q1 2027 that we're excited to stock erstwhile the clip is close - and we're approaching this adjacent section with the aforesaid absorption that got america here."

The Ryl Tea scope includes iced teas successful peach, lemon, and greenish beverage flavours, positive an "Iced Tea with Benefits" line, which includes flavours similar watermelon and raspberry.

Its scope is positioned arsenic a zero-sugar beverage option, containing less than 5 calories per can.

The group's products are disposable crossed the US. At the clip of its erstwhile raise, the institution told Just Drinks it was weighing caller markets for imaginable entry.

“We are inactive evaluating imaginable avenues,” it said. “However, it’s each focused connected better-for-you-focused markets, Canada being a beardown enactment successful the abbreviated term.”

Just Drinks has asked the radical to corroborate if it has plans to participate immoderate non-US markets.

"RTD beverage shaper The Ryl Company raises much funding" was primitively created and published by Just Drinks, a GlobalData owned brand.

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