A Raleigh based kombucha brewery has raised $375,968, according to a Securities and Exchange Commission filing.
Tribucha Inc. filed a Form D on Oct. 19 to raise a total of $475,968. The company said the proceeds will go toward compensation and a streamlined place of production.
Kombucha is a variety of fermented, lightly effervescent sweetened black or green tea drinks that are commonly intended as functional beverages for their supposed health benefits, according to Wikipedia.
The company launched its line of kombucha drinks 14 months ago and has a customer list of over about 100. It does most of its business within the Research Triangle Park.
Currently co-founders Adrian Larrea and Jonathon York work with their two employees to produce the company’s products.
Larrea, who has actively used social media platforms in an attempt to raise funds, expects revenue for the year to be around $200,000.
Tribucha’s new investors include Jim Geikie, the CEO of Burt’s Bees, and Cary venture capitalist David Gardner.
Note: This story is from the North Carolina Business News Wire, a service of UNC-Chapel Hill’s School of Media and Journalism
