PROUD SOURCE WATER

Mackay, Australia Founded: 2016 • Age: 10 yrs Acquired By SOURCE
Brand of spring water
Annual revenue - Latest available
Total funding $12.5M 2 rounds
Employees - Tracked headcount
Investors 2 Known backers
Products 4 Services tracked
Competitors 6 Brand Intelligence

About PROUD SOURCE WATER

PROUD SOURCE WATER is a company based in Mackay (Australia) founded in 2016 was acquired by SOURCE in March 2023. PROUD SOURCE WATER has raised $12.5 million across 2 funding rounds from investors including SOURCE and AF Ventures. PROUD SOURCE WATER offers products and services including Alkaline Spring Water, Sparkling Spring Water, Limited Edition Water, and Merch. PROUD SOURCE WATER operates in a competitive market with competitors including Pınar Su, Saint Sparkling Water, Wollemi Valley Springs, Curo Lifestyle and Alkafresh, among others.

  • Headquarter Mackay, Australia
  • Sectors
    Consumer
  • Phone
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  • Website
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  • Social
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Operational Areas
Consumer → Food, Beverage & Nutrition Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    Not available
  • Net Profit
    Not available
  • EBITDA
    Not available
  • Total Equity Funding
    $12.5 M (USD)

    in 2 rounds

  • Latest Funding Round
    $6.5 M (USD), Series A

    May 06, 2021

  • Investors
    SOURCE

    & 1 more

  • Employee Count
    Not available
  • Acquired by
    SOURCE

    (Mar 09, 2023)

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Products & Services of PROUD SOURCE WATER

PROUD SOURCE WATER offers a comprehensive portfolio of products and services, including Alkaline Spring Water, Sparkling Spring Water, Limited Edition Water, and Merch.

Product name locked
Category locked
Primary

Natural alkaline water sourced from springs for hydration.

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Carbonated spring water for refreshing consumption.

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Special edition spring water with unique features.

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Branded merchandise promoting sustainability.

People of PROUD SOURCE WATER

Headcount 10-50
Employee Profiles 1
Employee Profiles
People
Carl J Pennington
President, Co-Founder

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Teams

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Funding Insights of PROUD SOURCE WATER

PROUD SOURCE WATER has successfully raised a total of $12.5M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $6.5 million completed in May 2021. 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 PROUD SOURCE WATER

PROUD SOURCE WATER has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include SOURCE and AF Ventures.

All
Venture Fund
Investor Description Founded Year Domain Location
A consumer fund focused on emerging growth stage businesses.
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Clean drinking water is generated using innovative Hydropanel technology.
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Investor details for PROUD SOURCE WATER

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  • Participation history

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Investments & Acquisitions by PROUD SOURCE WATER

Investments
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Investment portfolio details for PROUD SOURCE WATER

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Financial Statements - PROUD SOURCE WATER

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Detailed financials for PROUD SOURCE WATER

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Proud Source Water Comparisons

PROUD SOURCE WATER Primary company
Description
Brand of spring water
Location
Mackay, Australia
Founded Year
2016
Annual Revenue
Not available
Net Profit
Not available
EBITDA
Not available
Employees
Not available
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Peer comparison for PROUD SOURCE WATER

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Competitors of PROUD SOURCE WATER

PROUD SOURCE WATER 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 Pınar Su, Saint Sparkling Water, Wollemi Valley Springs, Curo Lifestyle and Alkafresh, among others.

Company Name Domain Founded year HQ Location Description
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Brand of natural spring water
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A brand specializing in sparkling water products.
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Delivers premium spring water and dispensers to homes in Sydney and Blue Mountains.
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A brand specializing in carbonated water products.
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Sells premium organic health products including essential oils and water online.
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Detailed competitors of PROUD SOURCE WATER

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Latest news on Proud Source Water

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Complete news archive for PROUD SOURCE WATER

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Frequently Asked Questions about PROUD SOURCE WATER

PROUD SOURCE WATER was founded in 2016 and raised its 1st funding round 4 years after it was founded.

PROUD SOURCE WATER is headquartered in Mackay, Australia. It is registered at Mackay, Queensland, Australia.

PROUD SOURCE WATER is a funded company, having raised a total of $12.5M across 2 funding rounds to date.

Proud Source Water was founded in 2016 and is based in Mackay, Australia. Natural spring water is sourced from local springs and bottled for commercial distribution within the beverage sector. Operations emphasize purity standards and regional sourcing, with products made available through retail channels. The companys domain, proudsourcewater.com, supports online information and sales inquiries. Focus remains on straightforward water bottling without additional processing.

PROUD SOURCE WATER's top competitors include Pınar Su, Saint Sparkling Water and Wollemi Valley Springs.

PROUD SOURCE WATER offers Alkaline Spring Water, Sparkling Spring Water, Limited Edition Water, and Merch.

PROUD SOURCE WATER has 2 investors. Key investors include SOURCE, and AF Ventures.

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