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G.O.A.T. Fuel Closes $5M Seed Round

2023-05-25
DALLAS, TX, G.O.A.T. Fuel¨ today announced they have successfully closed on their initial Series Seed round of financing, which was oversubscribed and raised $5 million.
G.O.A.T. Fuel¨, the health-forward energy drink from Pro Football Hall of Famer and renowned NFL G.O.A.T. Jerry Rice, today announced they have successfully closed on their initial Series Seed round of financing, which was oversubscribed and raised $5 million, putting total funds raised since launching in 2020 during the pandemic at $12 million. The Series Seed financing round was led in conjunction by Stage 1 Fund and Morrison Seger Venture Capital Partners, with past investors in the company including former owner of the San Francisco 49ers, Eddie DeBartolo Jr., serial entrepreneur and owner of the Minnesota Timberwolves, Marc Lore, and co-founder Jerry Rice. The new capital will help to accelerate the tremendous growth of the company, allowing it to amplify marketing efforts as it continues to secure additional distribution in new markets across the country, unveils innovative new flavors, and builds consumer awareness and sentiment in an overall effort to capture a significant segment of the sports energy drink market.

G.O.A.T. Fuel ¨ (greatest of all time) was created by NFL Hall of Famer Jerry Rice, his daughter Jaqui Rice Gold and Trevion Gold. It is a lifestyle brand focused on bringing health-forward products and a G.O.A.T. mindset to consumers. We believe the term G.O.A.T. shouldn't be reserved just for athletes, but anyone striving to be great. Our energy drink has a proprietary blend of cordyceps mushrooms, 200 mg of natural caffeine, green tea with EGCG, ginger, amino acids and 10 essential vitamins.
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