What is ecoSPIRITS?
ecoSPIRITS has pioneered the world's first low-carbon, low-waste distribution system for premium spirits and wine, directly addressing the environmental impact of single-use glass packaging. The company's innovative technology is designed to significantly reduce packaging waste and carbon emissions. Partnering with nearly 200 spirit and wine brands across 27 countries, ecoSPIRITS is actively promoting sustainability within the beverage sector. Their collaborative model with various venues aims to eliminate hundreds of tons of glass waste annually, thereby enhancing the industry's overall environmental footprint.
How much funding has ecoSPIRITS raised?
ecoSPIRITS has raised a total of $10M across 1 funding round:
Series A
$10M
Series A (2023): $10M with participation from Closed Loop Partners, Convivialité Ventures, Wavemaker Partners, Pavilion Capital, and Proterra Investment Partners
Key Investors in ecoSPIRITS
Closed Loop Partners
Closed Loop Partners is an investment firm focused on building the circular economy, investing in ventures that offer both strong financial returns and tangible environmental impact.
Convivialité Ventures
Convivialité Ventures, the venture arm of Pernod Ricard, invests in startups that innovate services and experiences, aiming to redefine socializing and enhance social experiences within and beyond the wine and spirits industry.
Wavemaker Partners
Wavemaker Partners is a venture capital firm specializing in early-stage investments in Enterprise, Deep Tech, and Sustainability sectors across Southeast Asia, focusing on companies that address regional challenges and contribute to UN Sustainable Development Goals.
What's next for ecoSPIRITS?
The substantial enterprise-level funding and recent strategic investment signal a pivotal growth phase for ecoSPIRITS. This capital infusion is expected to fuel further expansion of their global operations, enhance their technological infrastructure, and deepen partnerships within the premium spirits and wine market. The company's focus on circular economy principles positions it for continued leadership in sustainable beverage distribution, likely attracting further investment as environmental, social, and governance (ESG) considerations become increasingly critical for industry stakeholders.
See full ecoSPIRITS company page
