What is Avid Cider?
Avid Cider specializes in crafting award-winning hard ciders and hard seltzers, utilizing locally sourced apples from the Pacific Northwest. Their product philosophy centers on quality, with offerings free from added sugars or preservatives, designed for a refreshing taste experience. The brand targets adventurous consumers, providing a diverse flavor portfolio that appeals to both dedicated cider aficionados and individuals seeking lower-calorie beverage options. Avid Cider also engages its community and promotes its brand through merchandise.
How much funding has Avid Cider raised?
Avid Cider has raised a total of $373K across 2 funding rounds:
Debt
$150K
Debt
$223K
Debt (2020): $150K with participation from PPP
Debt (2021): $223K led by PPP
What's next for Avid Cider?
The recent large-scale, late-stage funding suggests Avid Cider is poised for significant scaling and market penetration. This strategic investment will likely be directed towards expanding production capacity, enhancing distribution networks, and potentially developing new product lines or flavor innovations. Given the company's focus on quality ingredients and consumer appeal, this capital infusion is expected to solidify its market position and drive further growth in the hard cider and hard seltzer segments.
See full Avid Cider company page
