Dash Water (Dash), a UK-based company that produces upcycled sparkling water drinks made from fruits and vegetables, raised GBP 8.7 million (~USD 10.8 million) in a Series A funding round led by private equity firm Beringea, with participation from Johnny Sexton (Irish rugby captain), David Milner (Dash chairman), and others.
The company intends to use the funds to support Dash's growth and expansion plans—which include increasing production and distribution—and investing in R&D. Dash also hopes to expand its presence in Australia and enter new markets throughout Europe.
Analyst QuickTake: The company has set a clear vision to grow its global reach. In its previous funding round in January 2022 , the funds raised are aimed to support Dash's growth in Australia, widen its distribution network, and increase the number of subscribers.
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