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Venture Capital News: Owl's Brew Announces $9M in Series A

2021-09-24
STAMFORD, CT, Owl's Brew, a leader in tea-based spiked and sparkling beverages, has secured $9 million in a Series A funding round.
Owl's Brew, a leader in tea-based spiked and sparkling beverages, has secured $9 million in a Series A funding round.

The round was organized by Formidable Asset Management. Other investors include Cambridge SPG; Connecticut Innovations, Connecticut's strategic venture capital arm; Tidal River, Connecticut's women's investor network; TV personality, activist, and Owl's Brew Chief Brand Officer, Jeannie Mai; Brent Montgomery's entertainment and investment enterprise, Wheelhouse; Director Sam Taylor-Johnson; Keleigh Teller; and others.

Owl's Brew is a female-founded company led by tea experts Jennie Ripps and Maria Littlefield. Their product line, Boozy Tea, is a Hard Tea Seltzer that is refreshing and refreshingly made, crafted with only real ingredients and with a commitment to no arti-ficial flavors, no natural flavors, no animal byproducts, no parabens, and no sulfites.
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