The round was led by Purchase Capital through its Ryl Growth Partners SPV. The investment will support the company's next phase of growth, including continued retail and Direct Store Delivery (DSD) expansion, the build-out of its innovation pipeline, and team investments across operations, sales, and brand.

The Ryl Company is a modern beverage company headquartered in Morristown, New Jersey, and the maker of Ryl Tea - a zero-sugar, functional ready-to-drink iced tea built for today's consumer. With a high-quality tea blend that delivers functional tea polyphenols and an excellent source of Vitamin C, fewer than 5 calories per can, and a growing national retail and DSD footprint, Ryl is helping define the emerging Modern Tea category.