Close Menu

JuneShine RTDs secure seven-figure funding

Private equity firm InvestBev has made a strategic investment in JuneShine, a ready-to-drink (RTD) and hard kombucha brand.

Juneshine RTD Cocktails
JuneShine launched in 2018 with a hard kombucha line and has since added canned cocktails

JuneShine’s line includes canned spirit-based cocktails, such as a vodka Espresso Martini and a Tequila Margarita, and alcoholic kombuchas with flavours such as Watermelon Razz and Strawberry Kiwi Crush.

The kombuchas have an ABV of 6% and contain no sweeteners or artificial flavours. Its cocktails range between 8% and 12% ABV, with some options featuring no added sugar.

Greg Serrao, founder and CEO of San Diego-based JuneShine, said: “We’re grateful to have InvestBev be part of the team. We have big plans for the future as we continue to build a better-for-you alcohol platform, and we are confident they will be value-added partners and advisors for JuneShine as we enter our next stage of growth.”

JuneShine previously raised US$24 million.

InvestBev invested in Ten To One Rum and RTD brand Thomas Ashbourne in 2023, while its sister company Algoma Capital funded Off Hours Bourbon.

Brian Rosen, InvestBev’s chairman, added: “JuneShine has everything we look for in a portfolio company: great-tasting products, a strong team, and a distinct point of view.

“The team not only created a new category in organic hard kombucha, but they have been a driving force in uplevelling the alcoholic beverage industry’s commitment to sustainability and transparency.

“We are thrilled to partner with Greg and welcome JuneShine into the InvestBev family.”

It looks like you're in Asia, would you like to be redirected to the Drinks Business Asia edition?

Yes, take me to the Asia edition No