# Spruce Street Beverages

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/spruce-street-beverages

- Industry: Food
- Headquarters: Philadelphia, US
- Website: www.tworobbers.com
- Total disclosed funding: $6M
- Latest round: Series A (Apr 27, 2021)
- Investors on record: 1

## About

Spruce Street Beverages LLC, based in Philadelphia, PA, produces premium, ready-to-drink vodka sodas that emphasize quality ingredients and authentic taste, catering to health-conscious consumers seeking refreshing beverage options.Founded in 2019 in Philadelphia, PA, Spruce Street Beverages LLC operates as a beverage company specializing in ready-to-drink alcoholic beverages. The founders, Vikram Nayar and Vivek Nayar, have focused on creating a distinctive product line that stands out in the competitive beverage market. In April 2021, the company successfully raised USD 6.000 mn in a Series A financing round led by Brand Foundry Ventures, contributing to a total amount raised of USD 6.000 mn.Spruce Street Beverages LLC, through its brand Two Robbers Spirits Co., specializes in premium vodka sodas crafted with four-times distilled French winter wheat vodka, real fruits from farms, and purified sparkling water. Their products aim to differentiate from traditional hard seltzers by providing a refreshing and authentic beverage choice without artificial flavors or added sugars. The company targets health-conscious consumers in urban areas across the United States, emphasizing transparency and quality in its offerings.The revenue model for Spruce Street Beverages LLC is based on direct-to-consumer sales and wholesale distribution to retailers. The company’s products are available in both online and physical retail environments. Transactions involve individual purchases of their vodka sodas or bulk orders from retailers, with pricing reflecting the premium nature of the ingredients used, aligning with market expectations for high-quality artisanal beverages.Following the Series A funding round in April 2021, Spruce Street Beverages LLC plans to expand its distribution in the Northeast and Mid-Atlantic regions, while launching its products in new U.S. markets including Massachusetts, Maryland/DC, Virginia, Rhode Island, and Michigan. The funding will also facilitate the expansion of their product line, the development of their team, and the pursuit of ongoing innovation within their offerings.

## Funding rounds

- Series A, Apr 27, 2021, $6M — Brand Foundry Ventures

## Investors

- Brand Foundry Ventures (https://capitalatlas.ai/funds/brand-foundry-ventures) — Series A