About Cove Drinks
Cove Drinks is a Consumer company based in Halifax (Canada) founded in 2016 by Ryan Maclellan and John MacLellan. Cove Drinks is recognized for producing probiotic sodas. It operates on a Direct-to-Consumer (D2C) model. Cove Drinks has raised $4.23 million across 5 funding rounds from investors including Canadian Imperial Bank of Commerce and Government of Canada. Its chief executive, as recorded, is John MacLellan. Cove Drinks offers products and services including Cove Soda and Summer Pack. Its focus areas include Food & Beverage, Non-Alcoholic Beverages and Soft Drinks. Its legal entity is Cove Drinks, Inc. Its competitors include Joriki, MyDrink Beverages and Kiju Organic.
Company details
Cove Drinks is known for crafting probiotic sodas with nostalgic flavors. The company operates in the non-alcoholic beverage sector, focusing on health-conscious alternatives to traditional sugary sodas. Solutions are provided through a variety of flavors, free from artificial additives, targeting consumers seeking tummy-friendly and keto-friendly options. Community engagement and innovation are emphasized in their approach.
- Headquarters Halifax, Canada
- Founders Ryan Maclellan, John MacLellan
- SectorsConsumer
- Website covedrinks.com
- Social LinkedIn X Instagram
- Legal Name Cove Drinks, Inc.
- Total Equity Funding$4.23M (USD)
in 5 rounds
- Latest Funding Round$339.13K (USD), Series A
Mar 2025
- InvestorsCanadian Imperial Bank of Commerce
& 1 more
Products & Services of Cove Drinks
Cove Drinks offers a comprehensive portfolio of products and services, including Cove Soda and Summer Pack.
Probiotic soda offered in various nostalgic flavors.
A curated pack of refreshing soda flavors.
Funding Insights of Cove Drinks
Cove Drinks has successfully raised a total of $4.23M across 5 strategic funding rounds. The most recent funding activity was a Series A round of $339.13 thousand completed in March 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $4.23M
- Total Rounds 5
- Last Round Series A — $339,127
- First Round $300,503
(Aug 2019)
- Investors Count 2
All 5 funding rounds of Cove Drinks with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2025 | $339,127 | Series A | – | – | – |
| Oct 2024 | $36,240 | Series A | – | – | – |
| Sep 2021 | $3.55M | Series A | – | – | – |
| Sep 2021 | Debt – Conventional | – | – | ||
| Aug 2019 | $300,503 | Seed | – | – | – |
2 investors in total: 2 institutional.
Investors in Cove Drinks
Cove Drinks has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Canadian Imperial Bank of Commerce and Government of Canada.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Commercial banking services are provided to individuals and businesses. | 1867 | cibc.com | Toronto, Canada | |
Online platform providing access to a wide range of government services and information | 1867 | canada.ca | Ottawa, Canada |
Investor details for Cove Drinks
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People of Cove Drinks
2 people are tracked at Cove Drinks (2 in leadership).
| Name | Role | Group |
|---|---|---|
Ryan Maclellan | Co-Founder | Leadership |
John MacLellan | Co-Founder & CEO | Leadership |
Complete people profiles for Cove Drinks
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Timeline of Cove Drinks
3 dated milestones of Cove Drinks across 9 years, from founding to its latest funding, stage changes and deals.
- Founded Cove Drinks is founded.
- Funding First funding round of $301K.
- Funding Latest funding round, Series A, of $339K.
Competitors of Cove Drinks
Cove Drinks has 3 listed competitors in our database. They include Joriki, MyDrink Beverages and Kiju Organic.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| jorikiinc.com | 1990 | Scarborough, Canada | Beverages are manufactured for major brands and private label customers. | |||
| mydrinkbeverages.com | 2008 | St. Paul, Canada | Brand of smoothies, coconut water, energy drinks, and other beverages | |||
| kijuorganic.com | 2005 | Toronto, Canada | Multi-category beverage company |
Detailed competitors of Cove Drinks
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Related news about Cove Drinks
Complete news archive for Cove Drinks
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Frequently Asked Questions about Cove Drinks
Cove Drinks was founded in 2016 and raised its 1st funding round 3 years after it was founded.
Cove Drinks is headquartered in Halifax, Canada. It is registered at Halifax, Nova Scotia, Canada.
John MacLellan is the CEO of Cove Drinks, as recorded in our data. They have also founded this company.
Cove Drinks is a funded company, having raised a total of $4.23M across 5 funding rounds to date. The company's 1st funding round was a Seed of $300.5K, raised on Aug 2019.
Cove Drinks is known for crafting probiotic sodas with nostalgic flavors. The company operates in the non-alcoholic beverage sector, focusing on health-conscious alternatives to traditional sugary sodas. Solutions are provided through a variety of flavors, free from artificial additives, targeting consumers seeking tummy-friendly and keto-friendly options. Community engagement and innovation are emphasized in their approach.
Cove Drinks's top competitors include Kiju Organic, MyDrink Beverages and Joriki.
Cove Drinks offers Cove Soda and Summer Pack.
Cove Drinks has 2 investors. Key investors include Canadian Imperial Bank of Commerce, and Government of Canada.
Cove Drinks operates through Cove Drinks, Inc..