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Venture Capital - Wednesday, July 18, 2007

Energy Drinks Startups On A High

jetset energy.png
Since Vitamin Water (Glacéau) was sold for $4.1B by Coca Cola in May, investors have been looking around for the next lifestyle drink maker.

Rivals here include: JetSet, MetroMint, Hiball, Zola Acai and HInt Water Jetset has recently signed a national distribution deal with Safeway which will carry Jetset's lines of beverages.

Zola Acai has raised funding from Emigrant Capital thanks to compounded revenue growth that has passed 100% over the past four years.

Hiball says it did $2M in revenues last year in its 3rd year of business. It raised $1M from angels and is looking for another $1M.

Jetset has been bootstrapped by three founders but is looking to raise $6M.

(Note: some of this information comes via the San Francisco Business Times, but its behind a paid wall.)

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