About Sweet Reason
Sweet Reason is a company based in New York (United States) founded in 2018 by Hilary McCain was acquired by Cann Social Tonics in September 2022.. Sweet Reason has raised $2.5 million across 1 funding round from investors including Lerer Hippeau, Cann Social Tonics and RiverPark Ventures. Sweet Reason offers products and services including Hemp CBD Beverages and Evening Blend Beverages.
- Headquarter New York, United States
- Founders Hilary McCain
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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 Sweet Reason, 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
$2.5 M (USD)
in 1 rounds
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Latest Funding Round
$2.5 M (USD), Seed
Jul 02, 2019
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Investors
Lerer Hippeau
& 4 more
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Employee Count
Employee Count
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Acquired by
Cann Social Tonics
(Sep 27, 2022)
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Products & Services of Sweet Reason
Sweet Reason offers a comprehensive portfolio of products and services, including Hemp CBD Beverages and Evening Blend Beverages. 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.
Hemp CBD-infused sparkling waters are produced to aid in daily mental balance and focus.
Evening Blend beverages, featuring CBD and adaptogens, are created to facilitate natural unwinding during evenings.
Funding Insights of Sweet Reason
Sweet Reason has successfully raised a total of $2.5M through 1 strategic funding round. The most recent funding activity was a Seed round of $2.5 million completed in July 2019. 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 1
- Last Round Seed — $2.5M
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First Round
First Round
(02 Jul 2019)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2019 | Amount | Seed - Sweet Reason | Valuation | Lerer Hippeau |
| 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 Sweet Reason
Sweet Reason has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Lerer Hippeau, Cann Social Tonics and RiverPark 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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USA focused VC firm investing in seed and early stage startups
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Founded Year | Domain | Location | |
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Venture capital firm backed by RiverPark Funds group
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Founded Year | Domain | Location | |
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Early-stage investments in US sectors are made by Max Ventures.
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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 Sweet Reason
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
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 - Sweet Reason
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Sweet Reason Comparisons
Competitors of Sweet Reason
| 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.
|
Frequently Asked Questions about Sweet Reason
When was Sweet Reason founded?
Sweet Reason was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Where is Sweet Reason located?
Sweet Reason is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Sweet Reason?
Hilary McCain is the current CEO of Sweet Reason. They have also founded this company.
Is Sweet Reason a funded company?
Sweet Reason is a funded company, having raised a total of $2.5M across 1 funding round to date. The company's 1st funding round was a Seed of $2.5M, raised on Jul 02, 2019.
What does Sweet Reason do?
Sweet Reason was founded in 2018 by Hilary McCain in New York, United States, where she serves as CEO. Operations are conducted in the beverage sector, with a focus on producing non-alcoholic drinks infused with cannabis extracts such as THC and CBD. Products are distributed to consumers seeking functional, low-calorie options. The companys domain, drinksweetreason.com, supports its market presence in the emerging cannabis wellness industry.
What products or services does Sweet Reason offer?
Sweet Reason offers Hemp CBD Beverages and Evening Blend Beverages.
Who are Sweet Reason's investors?
Sweet Reason has 5 investors. Key investors include Lerer Hippeau, Cann Social Tonics, RiverPark Ventures, Subversive Capital, and Max Ventures.