About Spindrift
Spindrift is a company based in Newton (United States) founded in 2010 by Bill Creelman was acquired by Gryphon Investors in January 2025. Spindrift has raised $75.66 million across 9 funding rounds from investors including KarpReilly, Almanac Insights and Prolog Ventures. The company has 190 employees as of December 31, 2023. Spindrift offers products and services including Ginger Ale, Orange Cream Float, Strawberry Shortcake, Concord Freeze, and Shirley Temple. Spindrift operates in a competitive market with competitors including Waterloo Sparkling, Aura Bora, Yerbae, Dash Water and Poppi, among others.
- Headquarter Newton, United States
- Employees 190 as on 31 Dec, 2023
- Founders Bill Creelman
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Sectors
Consumer
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Email
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Phone
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Website
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Social
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- Legal Name Spindrift Beverage Co., 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
$75.66 M (USD)
in 9 rounds
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Latest Funding Round
$3.53 M (USD), Series C
Dec 29, 2020
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Investors
KarpReilly
& 7 more
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Employee Count
190
as on Dec 31, 2023
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Acquired by
Gryphon Investors
(Jan 16, 2025)
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Products & Services of Spindrift
Spindrift offers a comprehensive portfolio of products and services, including Ginger Ale, Orange Cream Float, Strawberry Shortcake, Concord Freeze, and Shirley Temple.
Ginger citrus soda made with real squeezed fruit for natural flavor.
Orange vanilla soda using real fruit for creamy taste.
Strawberry vanilla soda with authentic fruit ingredients.
Grape soda featuring real squeezed fruit for fresh flavor.
Cherry citrus soda made from real fruit extracts.
Lemonade soda with real fruit for tropical refreshment.
Grapefruit soda using real juice for tangy taste.
Lemon soda with real squeezed fruit for zesty flavor.
People of Spindrift
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Funding Insights of Spindrift
Spindrift has successfully raised a total of $75.66M across 9 strategic funding rounds. The most recent funding activity was a Series C round of $3.53 million completed in December 2020. 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 Spindrift
Spindrift has secured backing from 8 investors, including venture fund investors. Prominent investors backing the company include KarpReilly, Almanac Insights and Prolog Ventures.
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Private equity investments are provided by KarpReilly for growth companies.
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Early-stage startups in tech sectors are funded by Almanac.
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Health-focused venture capital investments are made in US sectors.
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Investor details for Spindrift
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Investments & Acquisitions by Spindrift
Investment portfolio details for Spindrift
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Financial Statements - Spindrift
Detailed financials for Spindrift
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Spindrift Comparisons
Peer comparison for Spindrift
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Competitors of Spindrift
Spindrift 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 Waterloo Sparkling, Aura Bora, Yerbae, Dash Water and Poppi, among others.
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Aromatic waters are manufactured and supplied in multiple flavors.
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Brand of sparkling water
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Sparkling water processing services are provided by Yerbae since 2017.
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Fruit-infused sparkling water is produced and distributed by Dash Water.
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Flavoured sodas are produced and distributed by Poppi.
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Detailed competitors of Spindrift
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Latest news on Spindrift
Complete news archive for Spindrift
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Frequently Asked Questions about Spindrift
Spindrift was founded in 2010 and raised its 1st funding round 3 years after it was founded.
Spindrift is headquartered in Newton, United States. It is registered at Newton, Massachusetts, United States.
Bill Creelman is the current CEO of Spindrift. They have also founded this company.
Spindrift is a funded company, having raised a total of $75.66M across 9 funding rounds to date.
As of Dec 31, 2023, the latest employee count at Spindrift is 190.
Spindrift was founded in 2010 and is headquartered in Newton, United States. The company operates in the beverage sector, where a range of unsweetened sparkling waters is manufactured using real, squeezed fruit. These products are distributed as a straightforward option in the non-alcoholic beverage market, with operations focused on production and supply within the U.S. The leadership includes founder and CEO Bill Creelman.
Spindrift's top competitors include Waterloo Sparkling, Yerbae and Dash Water.
Spindrift offers Ginger Ale, Orange Cream Float, Strawberry Shortcake, Concord Freeze, and 4 more products and services.
Spindrift has 8 investors. Key investors include KarpReilly, Almanac Insights, Prolog Ventures, VMG Partners, and RiverPark Ventures.