# CoveKombucha

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/covekombucha

- Industry: Consumer Products
- Headquarters: Halifax, Canada
- Website: www.covekombucha.com
- Total disclosed funding: $0.9M
- Latest round: Seed (Oct 24, 2019)
- Investors on record: 2

## About

CoveKombucha Inc. is a producer of high-quality kombucha, a fermented tea beverage that offers health benefits. The company focuses on crafting flavorful kombucha to cater to health-conscious consumers.CoveKombucha Inc. was founded in 2016 in Halifax, Canada, by John MacLellan and Ryan Maclellan. The company specializes in producing kombucha, and to date, it has completed a total of 3 funding deals. The most recent funding round was a Seed round in September 2021, where the company raised CAD 1.200 mn led by Canaccord Genuity Corp and Canaccord Genuity Wealth Management. The total amount raised by CoveKombucha Inc. so far is CAD 1.200 mn.CoveKombucha specializes in producing high-quality kombucha, a fermented tea beverage known for its probiotic content and health benefits. The company's core product offerings include various flavored kombucha, each crafted to deliver a distinct taste profile while promoting gut health and overall wellness. These products cater to health-conscious consumers looking to incorporate functional beverages into their diets and are sold primarily in the United States, particularly in key markets like California, New York, and Texas.CoveKombucha generates revenue through direct-to-consumer sales and partnerships with retailers and wholesalers. The company's products are available in health food stores, grocery chains, and cafes, where consumers can purchase individual bottles or multi-pack offerings. Pricing plans are designed to attract a diverse range of consumers, enhancing customer loyalty and driving sales growth through unique flavor combinations.In September 2021, CoveKombucha Inc. raised CAD 1.200 mn in a Seed funding round led by Canaccord Genuity Corp. The funding will be utilized to expand its operations across Canada and into the United States, aiming to enhance market presence in these regions.

## Funding rounds

- Seed, Oct 24, 2019, $0.9M — Canaccord Genuity Wealth Management, Canaccord Genuity

## Investors

- Canaccord Genuity Wealth Management — Seed
- Canaccord Genuity (https://capitalatlas.ai/funds/canaccord-genuity) — Seed