About Cove Drinks
Cove Drinks is a company based in Halifax (Canada) founded in 2016 by Ryan Maclellan and John MacLellan. It operates as a Direct-to-Consumer (D2C). Cove Drinks has raised $4.23 million across 5 funding rounds from investors including Canadian Imperial Bank of Commerce and Government of Canada. Cove Drinks offers products and services including Cove Soda and Summer Pack. Cove Drinks operates in a competitive market with competitors including Joriki, MyDrink Beverages, Kiju Organic, Blu-Dot Beverage and Fortier Beverages, among others.
- Headquarter Halifax, Canada
- Founders Ryan Maclellan, John MacLellan
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Sectors
Consumer
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Phone
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Website
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Social
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- Legal Name Cove Drinks, Inc.
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$4.23 M (USD)
in 5 rounds
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Latest Funding Round
$339.13 K (USD), Series A
Mar 18, 2025
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Investors
Canadian Imperial Bank of Commerce
& 1 more
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Employee Count
Not available
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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.
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.
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Commercial banking services are provided to individuals and businesses.
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Online platform providing access to a wide range of government services and information
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Investor details for Cove Drinks
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Investments & Acquisitions by Cove Drinks
Investment portfolio details for Cove Drinks
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Financial Statements - Cove Drinks
Detailed financials for Cove Drinks
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Cove Drinks Comparisons
Peer comparison for Cove Drinks
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Competitors of Cove Drinks
Cove Drinks operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Joriki, MyDrink Beverages, Kiju Organic, Blu-Dot Beverage and Fortier Beverages, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Beverages are manufactured for major brands and private label customers.
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Brand of smoothies, coconut water, energy drinks, and other beverages
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Multi-category beverage company
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Ready-to-drink beverages are produced and branded by Blu-Dot Beverage.
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Sells quality beverages including water and coffee with warehousing services.
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Detailed competitors of Cove Drinks
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Latest news on 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 current CEO of Cove Drinks. 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.
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 Blu-Dot Beverage.
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.