# Nexba

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/nexba-pty

- Industry: Consumer Products
- Headquarters: Sydney, Australia
- Website: www.nexba.com
- Total disclosed funding: $1.1M
- Latest round: Series A (Dec 10, 2018)
- Investors on record: 1

## About

Based in North Sydney, Australia, and founded in 2011, Nextba Pty Ltd, doing business as Nextba Beverages, operates as a maker of sugar-free and fruity flavored beverages. The company was founded by Drew Bilbe and Troy Douglas with the vision to produce natural beverages. It was backed by former David Jones CEO Paul Zahra and former head of the private banking for the Commonwealth Bank of Australia Adrian Hondros, and Gaingels. The company also entered the UK market in 2018.

Nextba products include Strawberry Peach Kefir, Kombucha, soft drinks, Sparkling Water, Switchel, Tepache, and Tonic Water. The company's products are said to be lactose-free, GMO-free, BPA free, gluten-free, vegan, and keto-friendly. They are available in major retailers including Woolworths, Coles, 7-Eleven, and Coles Express.

The company’s revenue is generated by beverage sales and increased by 148% from the fiscal year 2018 to 2019.

## Funding rounds

- Series A, Dec 10, 2018, $1.1M — Gaingels

## Investors

- Gaingels (https://capitalatlas.ai/funds/gaingels) — Series A