# SOCALI Manufacturing

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/socali-manufacturing

- Industry: Consumer Products
- Headquarters: Venice, US
- Website: www.drinkcann.com
- Total disclosed funding: $32M
- Latest round: Series A (Feb 15, 2022)
- Investors on record: 5

## About

SOCALI Manufacturing, Inc., based in the US, specializes in the development and sale of hemp-derived cannabinoid beverages, focusing on innovative microdosed THC and CBD-infused social tonics for a health-conscious market.Founded in 2018 and headquartered in Venice, US, SOCALI Manufacturing, Inc. produces hemp-derived cannabinoid beverages. The company has successfully raised USD 27 mn in Series A funding in February 2022, led by Imaginary Ventures. Founders Jonathan Bullock and Luke Anderson established the company to tap into the growing market for cannabis-infused beverages.The company specializes in the production and sale of hemp-derived cannabinoid beverages, focusing on microdosed THC and CBD-infused social tonics. Their core product offerings include a variety of flavored sparkling water beverages designed for social consumption while providing a gentle psychoactive experience. Crafted with high-quality ingredients, including fresh citrus juice and all-natural flavors, the products cater to health-conscious consumers seeking alternative recreational options, particularly in states with legalized cannabis frameworks.Revenue generation comes through direct-to-consumer sales via its e-commerce platform, alongside partnerships with retail outlets and distributors. Products are available for individual purchase or through subscription services that encourage customer loyalty. Pricing tiers cater to a diverse customer base, with flagship products like Yuzu and Elderflower positioned as premium offerings in the cannabis beverage market.In February 2022, SOCALI Manufacturing, Inc. raised USD 27 mn in Series A funding to accelerate growth and expand operations. The company plans to launch new beverage products aimed at enhancing consumer choice and explore entry into additional markets across the United States as demand for cannabis-infused beverages continues to rise.

## Funding rounds

- Series A, Feb 15, 2022, $27M — Imaginary Ventures
- Seed, Jan 21, 2020, $5M — Global Founders Capital, Navy Capital, Imaginary Ventures, Entourage Effect Capital, JM10 Partners

## Investors

- Global Founders Capital (https://capitalatlas.ai/funds/global-founders-capital) — Seed
- Navy Capital (https://capitalatlas.ai/funds/navy-capital) — Seed
- Imaginary Ventures (https://capitalatlas.ai/funds/imaginary-ventures) — Seed, Series A
- Entourage Effect Capital (https://capitalatlas.ai/funds/entourage-effect-capital) — Seed
- JM10 Partners (https://capitalatlas.ai/funds/jm10-partners) — Seed