Funding round
Spindrift Growth
Reported as "Growth Equity"
Spindrift, which works in beverage manufacturing and distribution in Newton, raised $650M in a Growth round announced on 1 Jan 2025. 1 firm took part. It is Spindrift's second venture round on record; the one before was a Series B in Mar 2018.
$650M
Amount raised
Not disclosed
Post-money valuation
1
Investors
no lead named
Valuation
What this round says about the price
Spindrift did not disclose a valuation in this round. It came 82 months after Spindrift's Series B. It is 97% of the $670M Spindrift has raised in the venture rounds on record. No later venture round is on record for Spindrift.
Spindrift's funding rounds
Spindrift has 2 venture rounds on record and 1 other deal. This one is highlighted.
- Other not a venture round 3 May 2017, led by VMG Partners $10M
- Series B 15 Mar 2018, led by VMG Partners $20M
- Growth this round 1 Jan 2025 $650M
Investors
Who put money in
1 firm took part; no lead investor was named.
Investors
- backs 3 venture-backed companies
Comparable rounds
How it compares
The closest in time, other companies' Growth rounds in Beverages & Refreshments:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Beverages & Refreshments | 31 Mar 2025 | $27M | not disclosed | not named |
| Beverages & Refreshments | 2 Jun 2025 | undisclosed | not disclosed | not named |
| Watermill Express Beverages & Refreshments | 21 Jul 2025 | $410M | not disclosed | Hollyport and Pantheon |
| Beverages & Refreshments | 11 Mar 2024 | $67M | $1.40B | not named |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Spindrift raise in its Growth round?
Spindrift raised $650M in its Growth round, announced in Jan 2025.
Which investors took part in Spindrift's Growth round?
Gryphon Investors.
What was Spindrift's valuation at the Growth round?
It was not disclosed.