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
*********
- Legal Name Spindrift Beverage Co., Inc.
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Annual Revenue
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Net Profit
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EBITDA
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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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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.
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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.
- Total Funding Total Funding
- Total Rounds 9
- Last Round Series C — $3.5M
- First Round First Round
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2020 | Amount | Series C - Spindrift | Valuation |
investors |
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| Mar, 2020 | Amount | Series C - Spindrift | Valuation | KarpReilly , ALMANAC |
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| Mar, 2018 | Amount | Series B - Spindrift | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity investments are provided by KarpReilly for growth companies.
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Founded Year | Domain | Location | |
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Early-stage startups in tech sectors are funded by Almanac.
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Founded Year | Domain | Location | |
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Health-focused venture capital investments are made in US sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Spindrift
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Spindrift
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Spindrift Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Aromatic waters are manufactured and supplied in multiple flavors.
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| domain | founded_year | HQ Location |
Brand of sparkling water
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| domain | founded_year | HQ Location |
Sparkling water processing services are provided by Yerbae since 2017.
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| domain | founded_year | HQ Location |
Fruit-infused sparkling water is produced and distributed by Dash Water.
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| domain | founded_year | HQ Location |
Flavoured sodas are produced and distributed by Poppi.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Spindrift
Frequently Asked Questions about Spindrift
When was Spindrift founded?
Spindrift was founded in 2010 and raised its 1st funding round 3 years after it was founded.
Where is Spindrift located?
Spindrift is headquartered in Newton, United States. It is registered at Newton, Massachusetts, United States.
Who is the current CEO of Spindrift?
Bill Creelman is the current CEO of Spindrift. They have also founded this company.
Is Spindrift a funded company?
Spindrift is a funded company, having raised a total of $75.66M across 9 funding rounds to date. The company's 1st funding round was a Series B of $20M, raised on Jan 01, 2013.
How many employees does Spindrift have?
As of Dec 31, 2023, the latest employee count at Spindrift is 190.
What does Spindrift do?
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.
Who are the top competitors of Spindrift?
Spindrift's top competitors include Waterloo Sparkling, Yerbae and Dash Water.
What products or services does Spindrift offer?
Spindrift offers Ginger Ale, Orange Cream Float, Strawberry Shortcake, Concord Freeze, and 4 more products and services.
Who are Spindrift's investors?
Spindrift has 8 investors. Key investors include KarpReilly, Almanac Insights, Prolog Ventures, VMG Partners, and RiverPark Ventures.
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