ROAR Organic is a manufacturer of vegan, low-calorie, low-sugar and organic electrolyte beverages. The ROAR Organic brand achieved a sales growth of almost 300% in 2018. It recently completed a US$ 5.6 million financing round led by AccelFoods.
ROAR Organic was founded in 2016 and makes electrolyte beverages from coconut water, with no added artificial sweeteners or preservatives. The new funding will enable ROAR to expand its team and promote product development to become a household name in the beverage industry.
“We are very excited about this new funding. It will help us to continue to grow and bring us the resources we need to maintain our focus on product quality and consumers,” the company said. “We are excited to have found in AccelFoods a partner which really cares about companies who promote brand new categories in the food and beverage industry, and we look forward to gaining further ground with this financing round.”
Jordan Gaspar, Managing Partner of AccelFoods, said, “When we look at companies, we look for those who are breaking new ground and redesigning categories in the food and beverage sector – and ROAR is doing so with its clean label and attractive branding. Working with ROAR is a perfect fit for our AccelFoods strategy.”